Rhode Island Depositors Economic Protection Corp. v. Tasca

OPINION

This case came before the Court for oral argument on May 10, 1999, pursuant to an order that directed both parties to appear in order to show cause why the issues raised by this appeal should not be summarily decided. After hearing the arguments of counsel and examining the memo-randa filed by the parties, we are of the opinion that cause has not been shown and that the issues raised by this appeal should be decided at this time.

On October 15, 1986, Hillside Associates, a Rhode Island general partnership in the business of real estate development, executed a promissory note in favor of…