FEDERAL DEPOSIT INS. v. UNIVERSAL PROPERTIES

No. 84CA1396.

709 P.2d 957 (1985)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff-Appellee, v. UNIVERSAL PROPERTIES, INC., an Ohio corporation; and Jack Birnholz, an individual, Defendants-Appellants.

Colorado Court of Appeals, Div. II.

October 3, 1985.


Attorney(s) appearing for the Case

White and Steele, P.C., Sandra L. Spencer, Denver, for plaintiff-appellee.

Rothgerber, Appel, Powers & Johnson, Tennyson W. Grebenar, Thomas H. Young, Denver, for defendants-appellants.


VAN CISE, Judge.

In this action to recover the amount due on a promissory note, the trial court granted summary judgment in favor of the plaintiff, Federal Deposit Insurance Corporation (FDIC), in the amount of $313,005.14, representing the principal and interest due on the note plus costs and attorney fees. The defendants, Universal Properties, Inc. (Universal) and Jack Birnholz (Birnholz), appeal the adverse judgment, contending that the trial court erred in concluding...

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