On July 15, 1975, the First National Bank of Jeffersonville obtained a judgment of foreclosure and sale against the premises of defendant, Ubaldo Gianelli, as a result of his failure to pay principal and interest due upon its mortgage in the sum of $7,000. Prior to the sale of the property, defendant Gianelli consulted with plaintiff, attempting to obtain financial assistance. Subsequently, plaintiff induced the bank to adjourn the sale, giving his personal assurance that...
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