Moody v. Hinton

The undisputed facts are as follows:

Claridge at Hanover Partners, an Alabama general partnership ("Claridge") borrowed $4,025,000 from Central Bank of the South ("the Bank"). Claridge at Hanover, Inc., and Hinton Properties, Inc., the general partners of Claridge, executed the note evidencing the loan. John Robert Moody and Rebecca B. Moody are officers of Claridge at Hanover, Inc. Thomas F. Hinton is president of Hinton Properties. The promissory note was secured by a mortgage on real property and by a "Continuing Guaranty (Unlimited)" given by each of the Moodys and by Hinton. Claridge…