Legal Opinion

Foundation Property Investments, LLC v. CTP, LLC

Court of Appeals of Kansas

Decided May 25, 2007No. 96,697PublishedCited by 11 opinions

1Opinion of the Court

Green, J.:

CTP, LLC (CTP) appeals from a summaiy judgment granted in favor of Foundation Property Investments, LLC (Foundation) in Foundation’s action to foreclose a promissory note between it and CTP. This litigation arises out of a loan made by Foundation to CTP. CTP signed a promissory note for the loan. After receiving 10 late payments from CTP, Foundation accelerated the note and sued to recover the entire balance owed on the note. The ultimate question is whether Foundation waived its right to accelerate the promissory note by accepting late payments from CTP. Because we determine that…

2Cases cited25 opinions

  1. Unrau v. Kidron Bethel Retirement Services, Inc.Supreme Court of Kansas · 2001
  2. State Ex Rel. Stovall v. Reliance InsuranceSupreme Court of Kansas · 2005
  3. Iola State Bank v. BiggsSupreme Court of Kansas · 1983
  4. Roy v. YoungSupreme Court of Kansas · 2004
  5. Stinemeyer v. Wesco Farms, Inc.Oregon Supreme Court · 1971

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3Cited by11 opinions

  1. In re K.M.H.Supreme Court of Kansas · 2007
  2. Foundation Property Investments, LLC v. CTP, LLCSupreme Court of Kansas · 2008
  3. Farrar v. Mobil Oil Corp.Court of Appeals of Kansas · 2010
  4. Central Power Systems & Services, Inc. v. Universal Underwriters Insurance Co.Court of Appeals of Kansas · 2014
  5. Bettis v. HallDistrict Court, D. Kansas · 2012

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