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R.I. DEPOSITORS ECONOMIC PROTECTION v. BOWEN COURT ASSOCIATES

No. 99-532-Appeal.

763 A.2d 1005 (2001)

RHODE ISLAND DEPOSITORS ECONOMIC PROTECTION CORPORATION v. BOWEN COURT ASSOCIATES et al.

Supreme Court of Rhode Island.

January 5, 2001.

Attorney(s) appearing for the Case

Steven M. Richard, Providence, for Plaintiff.

William Landry, Lauren E. Jones, Providence, for Defendant.

Present: WEISBERGER, C.J., LEDERBERG, BOURCIER, FLANDERS, and GOLDBERG, JJ.

OPINION

LEDERBERG, Justice.

The plaintiff in this case, Rhode Island Depositors Economic Protection Corporation (DEPCO), has appealed a judgment entered in the Superior Court in favor of the defendants, Bowen Court Associates (Bowen Court) and a group of guarantors. The trial justice ruled that although it had the right to collect on a promissory note that was payable to Rhode Island Central Credit Union (RICCU), DEPCO could not recover any monetary damages...

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