Spot-A-Pot, Inc. v. State Resources Corp.

OPINION

THOMPSON, Judge.

This is an action to enforce a settlement agreement between State Resources Corporation (SRC), Spot-A-Pot, Inc., and Shelley Massa at a mediation conducted between the parties. The Jefferson Circuit Court enforced the settlement agreement as proposed by SRC and Spot-A-Pot and Massa appealed.

In 2002, Massa entered into a loan agreement with U.S. Bank to obtain financing for its business operations. In conjunction with the loan, a security agreement was executed in which Spot>-A-Pot pledged its inventory and equipment as collateral for the loans and Massa gave her…