THE PEOPLES BANK v. RAYMOND E. LACY - Articles

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Posted by: Tanja Trezise on May 14, 2012

Court: TN Court of Appeals

Attorneys 1:

Cynthia L. Wagner, Knoxville, Tennessee, for the appellant, Raymond E. Lacy.

Attorneys 2:

John A. Lucas, Alcoa, Tennessee, for the appellee, The Peoples Bank.

Judge(s): FRANKS

Plaintiff Bank brought this action to enforce a Loan Modification Agreement and promissory note. The Bank alleged that defendant had breached the Agreement and it was entitled to judgment as a matter of law. Defendant answered, arguing that the Bank had breached its contract with him and was not entitled to judgment. The Bank moved for summary judgment and the Trial Court determined there was no disputed issue of material fact under the Loan Modification Agreement and the amount owed on the note, granted partial summary judgment to the Bank and ruled the partial summary judgment was final pursuant to Rule of Civil Procedure, Rule 54.02. On appeal, we affirm the Trial Court's Judgment and remand for trial on defendant's Counter-Claim.

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