Transamerica Commercial Finance Corp. v. Birt

ROBERTS, Justice.

Defendant Daniel Q. Birt appeals from a judgment entered in the Superior Court (Penobscot County, Smith, J.) based on a settlement agreement between Birt and plaintiff Transamerica Commercial Finance Corporation. Because Birt does not challenge the sufficiency of the agreement placed on the record in the Superior Court, we affirm the judgment.

Transamerica brought an action to collect a deficiency from Birt, as guarantor on an inventory financing agreement. After negotiations, on the second day of trial, counsel notified the trial judge that a settlement had been reached…