SECURITY NATL. BK v. RECREATIONAL DIMENSIONS


1990 Mass. App. Div. 85 (1990)

Security National Bank vs. Recreational Dimensions, Inc. and others

Massachusetts Appellate Division, Northern District.

June 20, 1990.


Attorney(s) appearing for the Case

William Coniaris for the plaintiff.

Andrew C. Schultz for the defendants.

Present: Sherman, P.J., Banks & Flatley, JJ.


Banks, J.

This is a petition to establish the defendants' draft report which was disallowed by the trial justice. The plaintiff instituted this action in contract to recover the balances of principal and interest due on two promissory notes executed by the corporate defendants and guaranteed by defendant Ralph Cerundolo. The defendants answered, inter alia, that the plaintiff had breached its agreement by charging the defendants interest in excess of the maximum twelve...

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