Arnowitz v. Equitable Life Assurance Society of the United States

This is an appeal by the defendant David Arnowitz from a final judgment based on an adverse non-jury verdict in an action seeking collection on a corporate debt. The trial court concluded that the defendant, as the sole director of the subject corporation, assented to a preferential distribution of the corporate assets without making ade*606quate provision for a corporate obligation on a lease held by plaintiff/lessor, the Equitable Life Assurance Society of the United States — and, accordingly, the defendant was liable on the subject debt under Section 607.144(l)(c), Florida Statutes (1987). The…