Gray1 CPB, LLC v. Kolokotronis

Opinion

RAYE, P. J.

We cannot rewrite contracts when the economy suffers a severe downturn. Sotiris Kolokotronis, stung by the crash in the real estate market, seeks to upset a judgment in favor of Central Pacific Bank’s successor, Grayl CPB, LLC. Despite signing a document entitled “Continuing Guaranty” wherein he unconditionally guaranteed to pay an amount equal to the borrower’s debt, affixing his signature over the designation “Guarantor” and filing a declaration under penalty of perjury that he understood he would be responsible to pay the borrower’s debt if it was unable to do so,…