Comerica Bank v. Michigan National Bank

In this action brought by plaintiff under Article Four of the Uniform Commercial Code (ucc), defendant appeals as of right the trial court’s order granting summary disposition for plaintiff pursuant to MCR 2.116(0(10). We reverse.

On November 1, 1987, four individuals formed a partnership, South Central Investment Associates, for the purpose of "purchasing, developing and/or operating income producing property and related ventures.” Approximately ten months later, the partners incorporated SCI Professional Associates, Inc.

In 1988, plaintiff extended South Central a $100,000 line of credit that…