Imperial Hotels Corporation v. Arthur P. Dore Jay Ambe Corporation and Dore Development Company, Mainstream Capital Corporation

OPINION

BOGGS, Circuit Judge.

Imperial Hotels Corp. sued three corporations and one individual to collect on a note originally executed by another party. On Mainstream Capital Corp.’s motion for summary judgment, the district court held that Imperial was an intended third-party beneficiary of Mainstream Capital Corp.’s agreement with Jay Ambe Corp. to assume responsibility for payments on the original note. The court further held that a subsequent assumption agreement between Dore Development Co. and Jay Ambe Corp., to which Imperial expressed consent, constituted a novation relieving…