Greenberg v. Service Business Forms Industries, Inc.

Service Business Forms Industries, Inc. (Service Business) and Service Computer Forms Industries, Inc. (Service Computer), defendants, appeal the district court’s order granting plaintiffs partial summary judgment on their claim for recovery of an accelerated debt allegedly due under Service Business’ promissory note. The district court determined that there were no material issues of fact as to Service Business’ default under the terms of the promissory note and that plaintiffs properly exercised their right to accelerate the unpaid principal balance and accrued interest. On appeal,…