First Capital Corp. v. G & J Industries, Inc.

Patton, Judge.

Defendant-appellants, G & J Industries, Mary Frechette, and John Frechette (“defendants”) appeal (1) the trial court’s order denying their motion for summary judgment and (2) the trial court’s jury instructions. The transaction at issue is a loan given by plaintiff-appellee First Capital Corporation (“FCC”) to defendants.

Mary Frechette is the sole shareholder of G & J and her husband John Frechette is the acting president and general manager of the company. In 1995, John Frechette was approached by an investment group about purchasing G & J. The leading member of this investment…