[DOWNLOAD] "Moore v. Industrial Commission" by Arizona Court of Appeals # eBook PDF Kindle ePub Free
eBook details
- Title: Moore v. Industrial Commission
- Author : Arizona Court of Appeals
- Release Date : January 11, 1970
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 56 KB
Description
The facts necessary for a determination of this appeal are as follows: Defendant Ziegler was in the construction business, having built and owned four apartment buildings. One of the apartments was built on land conveyed to Ziegler by the plaintiffs. Ziegler paid for this land by giving the plaintiffs an installment promissory note in the sum of $75,000.00, secured by a mortgage on the land. Some two years after the purchase of the land Ziegler encountered financial difficulties. At that time Ziegler was unable to meet his financial obligations, including a $30,000.00 promissory note for a personal loan from the Continental National Bank. One of the banks officers contacted his own brother, Dr. Howland (one of the defendant doctors), and advised him of Zieglers situation, suggesting that he, in association with two other doctors (Drs. Zemer and Sadler), undertake a refinancing of the property owned by Ziegler. The plan was that the doctors would collectively make available their credit so that $21,000.00 could be obtained to prevent foreclosure on the property, and also that they would guarantee payment of Zieglers obligation to the bank in the sum of $30,000.00.