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SHAWMUT BANK, N.A. v. CHASE

No. 91-P-1358.

34 Mass. App. Ct. 266 (1993)

609 N.E.2d 479

SHAWMUT BANK, N.A. vs. WILLIAM J. CHASE.

Appeals Court of Massachusetts, Suffolk.

March 26, 1993.

Attorney(s) appearing for the Case

Charles E. Chase for the defendant.

Dennis E. McKenna for the plaintiff.

Present: SMITH, FINE, & IRELAND, JJ.

FINE, J.

The issue before us is the adequacy of Shawmut Bank, N.A.'s (Shawmut's), evidence to support a finding against William J. Chase after an assessment of damages hearing.

In 1987, Nappco, Inc. (Nappco), entered into a revolving loan agreement with Shawmut, secured by Nappco's assets, which consisted of inventory and accounts receivable. At the same time, Chase and one Charles W. Roche each executed...

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