Anco Tv Cable Co. v. Vista Com. Ltd.

The plaintiffs in two separate actions, ANCO TV Cable Company, Inc. ("ANCO"), and Granberry Ward, appeal from a summary judgment in favor of the defendants, Vista Communications Limited Partnership I and Vista Communications, Inc. (both hereinafter referred to as "Vista"), in an action to accelerate and recover on a promissory notes. We affirm.

In 1988, Vista acquired a television cable system from ANCO and Skyline TV Cable Company, Inc. ("Skyline"). To finance this venture, Vista executed notes dated September 9, 1988, to Fleet National Bank ("Fleet") in the principal amount of $3,500,000 and…