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CAPITAL IMPACT CORP. v. MUNRO

No. 91-116.

642 A.2d 1175 (1992)

CAPITAL IMPACT CORPORATION v. Alasdair T. MUNRO and Marguerite L. Munro.

Supreme Court of Vermont.

On Motion For Reargument May 3, 1994.

Attorney(s) appearing for the Case

Frederick G. Cleveland, McKee, Giuliani & Cleveland, Montpelier, and Ann S. Duross, Colleen B. Bombardier, and Jeannette E. Roach, of counsel, Washington, DC, for plaintiff-appellee.

Harriet Ann King, King & King, Waitsfield, for defendants-appellants.

Before ALLEN, C.J., and GIBSON, DOOLEY, MORSE and JOHNSON, JJ.

JOHNSON, Justice.

Alasdair and Marguerite Munro appeal from a decision of the Washington Superior Court allowing foreclosure on their Waitsfield home. We affirm.

Alasdair Munro was a principal in Munro, Jennings & Doig Associates, Inc. (MJD), a real estate development company that operated in Connecticut after 1983. In 1985, MJD borrowed $250,000 of working capital from Capital Impact Corporation (Capital), a small business investment corporation in Connecticut...

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