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BANK OF AMERICA, N.A. v. NARULA

No. 102,853.

261 P.3d 898 (2011)

46 Kan.App. 2d 142

BANK OF AMERICA, N.A., Appellant, v. Sanjiv NARULA, Indubala Narula, and Promotional Resources, Inc., Appellees.

Court of Appeals of Kansas.

July 29, 2011.

Attorney(s) appearing for the Case

Christine L. Schlomann , David L. Going , and Thomas B. Weaver , of Armstrong Teasdale LLP, of Kansas City, Missouri, for appellant.

Robert J. Bjerg , of Colantuono Bjerg Guinn, LLC, of Overland Park, and Michael D. Strobehn , of Walters, Bender, Strobehn and Vaughan, P.C., of Kansas City, Missouri, for appellees.

Before GREENE, C.J., GREEN and LEBEN, JJ.

GREEN, J.

This litigation arises out of a Loan Agreement for the construction of a new office building by the owners: Sanjiv Narula, Indubala Narula, and their closely held business, Promotional Resources, Inc. (the Narulas). Bank of America, N.A., encouraged the Narulas to construct the building. Moreover, it furnished a financing package to the Narulas to construct the building. The package included the Loan Agreement. Under the Loan Agreement, the Narulas received...

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