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GRAY1 CPB, LLC v. KOLOKOTRONIS

No. C064954.

202 Cal.App.4th 480 (2011)

135 Cal. Rptr. 3d 448

GRAY1 CPB, LLC, Plaintiff and Respondent, v. SOTIRIS KOLOKOTRONIS, Defendant and Appellant.

Court of Appeals of California, Third District.

December 2, 2011.

Attorney(s) appearing for the Case

Saied Kashani for Defendant and Appellant.

DLA Piper, Robert J. Odson, John D. Spurling and Staci M. Tomita for Plaintiff and Respondent.

OPINION

RAYE, P. J.—

We cannot rewrite contracts when the economy suffers a severe downturn. Sotiris Kolokotronis, stung by the crash in the real estate market, seeks to upset a judgment in favor of Central Pacific Bank's successor, Gray1 CPB, LLC. Despite signing a document entitled "Continuing Guaranty" wherein he unconditionally guaranteed to pay an amount equal to the borrower's debt, affixing his signature over the designation "Guarantor...

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