Nestle Ice Cream Co. v. Fuller
Court of Appeals of Arizona
1Opinion of the Court
OPINION
THOMPSON, Judge.
Defendants-Appellants Walter Fuller and Christ M. Rousseff (defendants) owned a piece of real property located in Maricopa County, Arizona, which they pledged in May of 1993 as security for a debt in the amount of $800,182.00 owed by Dixie Ice Cream, Inc. (Dixie) to Plaintiff-Appellee Nestlé Ice Cream Company (Nestlé), as evidenced by a promissory note (note 2). The note was to be repaid by Dixie over an eleven-month period. The defendants had no personal liability for the debt, but they signed deeds of trust giving Nestlé the right to foreclose on their real property…
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