Legal Opinion
Pemstein v. Stimpson
Massachusetts Appeals Court
Decided March 28, 1994No. 92-P-518PublishedCited by 48 opinions
1Opinion of the CourtKass, J.
On May 14, 1985,- Draper Renovation Associates, Inc. (Draper), bought a large mill property (the Draper mill) in Hopedale from the trustees of the Hopedale Realty Trust (the Trust). Draper paid the major portion of the purchase price by giving to the sellers a note for $2,000,000, secured by a first mortgage. 2 As to the obligations of Draper under that note and mortgage, Edward S. Stimpson, III, the president and treasurer of Draper and its major stockholder, gave his unconditional guaranty. In an action on the guaranty brought in Superior Court, Stimpson resisted on the grounds that the…
2Cases cited33 opinions
- In Re American Hardwoods, Inc., Debtor. American Hardwoods, Inc. v. Deutsche Credit CorporationCourt of Appeals for the Ninth Circuit · 1989
- Merrimack Valley National Bank v. BairdMassachusetts Supreme Judicial Court · 1977
- Sandler v. SilkMassachusetts Supreme Judicial Court · 1935
- Janet E. Pitts v. Unarco Industries, Inc.Court of Appeals for the Seventh Circuit · 1983
- Madan v. Royal Indemnity Co.Massachusetts Appeals Court · 1989
28 more not listed; retrieve them via the Exa API.
3Cited by48 opinions
- Fay v. Federal National Mortgage Ass'nMassachusetts Supreme Judicial Court · 1995
- Federal Deposit Insurance v. Elder Care Services, Inc.Court of Appeals for the First Circuit · 1996
- Halas v. PlatekDistrict Court, N.D. Illinois · 1999
- Sovereign Bank v. SturgisDistrict Court, D. Massachusetts · 2012
- Roggemann v. Boston Safe Deposit & Trust Co.District Court of Appeal of Florida · 1996
43 more not listed; retrieve them via the Exa API.