Jo-Ann's Launder Center, Inc. v. Chase Manhattan Bank, N.A.
District Court, Virgin Islands
1Opinion of the CourtMoore, Chief Judge
MEMORANDUM AND ORDER
This matter is before the Court on defendant's summary judgment motion pursuant to Fed. R. Civ. R 56. For the reasons expressed herein, the motion will be granted in part and denied in part.
I. BACKGROUND
In June 1984, plaintiffs Rafael and Paulina Estrada (sometimes "the Estradas"), who were operating Jo-Ann's Laundromat and Drycleaning (sometimes "Jo-Ann's"), obtained a $250,000 loan from Chase Manhattan Bank (sometimes "Chase"). The loan was personally guaranteed by the Estradas, and secured by mortgages on their property as well as a UCC lien on all of Jo-Ann's assets.…
2Cases cited17 opinions
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- Leroy D. Schoch v. First Fidelity Bancorporation and Industrial Valley Title Insurance CompanyCourt of Appeals for the First Circuit · 1990
- Jacques v. First National BankCourt of Appeals of Maryland · 1986
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- Davis v. RagsterDistrict Court, Virgin Islands · 2008
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