NationsBank v. Scott Farm

Respondent, NationsBank, acting in its capacity as Trustee under the Will of Edwin Boyle, Jr., brought this action to collect on a promissory note executed by appellants, Scott Farm, a limited partnership, and Fred G. Scott, Jr., its general partner (collectively referred to as “Scott Farm”). The trial court granted NationsBank’s motion for summary judgment, and Scott Farm appeals. We affirm.

Dr. Edwin Boyle, Jr., owned a 31.5% partnership interest in Creekside Land Company, a limited partnership organized for the purpose of acquiring real property and developing a residential subdivision.…