Ambase International Corp. v. Bank South, N.A.

Cooper, Judge.

This case arises from an action brought by appellee, Bank South, to recover the balance due on a commercial installment note. The trial court granted summary judgment to appellee and appellants bring this appeal.

Appellants are Ambase International Corporation (“Ambase”), Management Services, Inc. (“MSI”), Everett Suters (“Suters”), and Curry Brothers, Inc., d/b/a Curry Marketing Systems (“Curry”). Ambase is the wholly owned subsidiary of MSI, and Suters is the chairman of the board of Ambase, MSI, and Curry as well as the majority shareholder of MSI.

In June 1986, Ambase executed…