DIVERSIFIED MORTGAGE INVESTORS v. VIKING GEN.


16 Mass. App. Ct. 142 (1983)

450 N.E.2d 176

DIVERSIFIED MORTGAGE INVESTORS vs. VIKING GENERAL CORPORATION.

Appeals Court of Massachusetts, Suffolk.

June 2, 1983.


Attorney(s) appearing for the Case

Joel A. Kozol (Roland E. Shaine with him) for the defendant.

Peter M. Saparoff (Joan D. Channick with him) for the plaintiff.

Present: GREANEY, CUTTER, & PERRETTA, JJ.


CUTTER, J.

The plaintiff (DMI) seeks to recover from the defendant (Viking) some $644,400 (plus interest) upon an unusually broad guaranty by it, dated December 21, 1973, of payment of the principal and interest on a note of Viking Mobile Homes, Inc. (Mobile). DMI is a Massachusetts business trust. Viking, the guarantor, is a Florida corporation, of which Mobile is a wholly owned subsidiary.

Mobile owned land in Florida. As part of a loan transaction in December...

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