Hawaii Broadcasting Co. v. Hawaii Radio, Inc.

ACOBA, Judge.

Defendants-Appellants Charles Carrell (Carrell) and Iris Lindstedt (collectively, the Appellants) are the parties remaining 1 in an appeal from a Judgment filed on March 1, 1993, in favor of Plaintiff-Appellee Hawaii Broadcasting Company, Inc. (Creditor). This appeal stems from a series of motions for summary judgment Creditor filed which culminated in a March 1, 1993 Judgment in Creditor’s favor. 2

We affirm.

I

Creditor sold two radio stations to Hawaii Radio, Inc. (Hawaii Radio) for $800,000. Hawaii Radio financed the purchase by paying Creditor $200,000 and executing a promissory…