Preview
FILED
12/22/2023 10:44 AM
FELICIA PITRE
DISTRICT CLERK
DALLAS CO., TEXAS
Debra Clark DEPUTY
CAUSE NO. DC-22-07479
TREVOR COLE COMMERCIAL CORP. $ IN THE DISTRICT COURT
OF CT. $
Plaintiff, $
$
$
$
v $
$ 134th JUDICIAL DISTRICT
$
s
$
MOMENTUM FORT WORTH $
INVESTMENT, LLC, and ABDUL M. $
HASSANALLY $
Defendant. s DALLAS COUNTY, TEXAS
DEF'ENDANTS' MOTION SUMMARY JUDGMENT
TO THE HONORABLE JUDGE OF SAID COURT:
COME NOW, Defendants MOMENTUM FORT WORTH INVESTMENT, LLC and
ABDUL M. HASSANALLY, and file this their Motion for Summary Judgment, and in support of
same would show the Court as follows:
I.
AND SUMMARY OF THE
1 Plaintifls claims are nothing more than a shakedown attempt after Plaintiffs failed to
uphold their end of the contractual bargain. Simply put, Plaintiff promised that it would
secure a commercial loan offer for Defendants which totaled $ 15,000,000 and it failed to
do so. Yet, Plaintiff seeks recovery against Defendants for breach of the unfulfilled
contract, and unfounded personal guarantor liability based on this purported breach of
contract when no personal guaranty exists. Plaintifls failure to secure a loan offer as
promised demonstrates a fundamental lack of consideration and failure to perform all
DEFENDANTS, MoTIoN Ton SuuvTaRY JUDGMENT Pacn I I
conditions precedent. As such, Plaintifls claims against the Defendants must fail as a
matter of law.
II.
SUMMARY JUDGMENT EVIDENCE
2. Pursuant to TExes Ruln oF CIVIL PRoceouRe 166a(d), the summary judgment evidence
upon which this Motion relies is offered in the following exhibits attached hereto and fully
incorporated herein by reference.
Exhibit A: Affidavit of Abdul Hassanally (hereinafter "Hassanally Affidavit");
Exhibit l: November 5,2021Letter of lnterest from Plaintiff TREVOR COLE
COMMERCIAL CORP. OF CT and Defendant MOMENTUM
FORT WORTH INVESTMENT, LLC (hereinafter "Agreement");
Exhibit 2: January 14, 2022 Conditional Loan Approval from American
Savings Life Insurance Company (hereinafter "CLA").
III.
FACTS
-t On or about November 9, 2021, Defendant MOMENTUM FORT WORTH
INVESTMENT, LLC ("MOMENTUM") entered into an agreement with Plaintiff in which
Plaintiff agreed to secure financing and to procure MOMENTUM a commercial loan of
not less than $ 15,000,000.00. See Exhibit 1, Agreement; see also fl 4, Exhibit A, Hassanally
Affidavit.
4. Plaintiff s lawsuit is based on its false claims that it fulfilled its contractual obligations by
securing this financing from American Savings Life Insurance Company in early 2022. See
generally Plaintiff's Original Petition. Specifically, Plaintiff references an executed
DBFENDANTS' MoTIoN FoR SUMMARY JUDGMENT Pacr | 2
Conditional Loan Approval between Defendant and American Savings Life Insurance
Company as fulfilment of its contractual obligations. See Exhibit 2, CLA. However, after
written discovery has been conducted, and initial disclosures exchanged, a cursory
examination of this Conditional Loan Approval demonstrates that Plaintiff only secured a
commercial loan totaling $14,500,000, half a million dollars less than what Plaintiff and
Defendants had bargained for. See Exhibit 2, CLA; see also fl 5, Exhibit A, Hassanally
Affidavit.
5 Ultimately, the insufficient loan failed to close through no fault of Defendants. See fl 6,
Exhibit A, Hassanally Affidavit. Because American Savings Life Insurance Company
failed to perform all inspections that it demanded prior to closing, the deal was never
consummated. See 1T6, Exhibit A, Hassanally Affidavit.
6. Despite procuring an insufficient loan for Defendants that never closed because of the
lender's failure to perform, Plaintiff has filed suit and is demanding payment pursuant to
the contract between Plaintiff and Defendants, and seeking personal liability against
Defendant ABDUL HASSANALLY. See fl 7, Exhibit A, Hassanally Affidavit.
7 Because there is no genuine issue of material fact as to Plaintiff s failure to perform
pursuant to the contract, Defendants have negated a key element of each of Plaintiff s
theories of recovery, and Defendants are entitled to a take-nothing judgment as a matter of
law.
DEFENDANTS, MoTIoN FoR SUMMARY JUDGMENT PAGE | 3
IV
ARGIIMENTS & AUTHO RITIES FOR SUMMARY JUDGMENT AGAINST
PLAINTIFF'S CLAIMS
8 There is no genuine issue as to any material fact regarding the causes of action set forth
below, and Defendants are entitled to a take-nothing judgment against Plaintiffs
claims as a matter of law.
9 Pursuant to Tpxes Rule oF CIVIL PnocpouRn l66a(c), a motion for summary judgment
shall be granted if the pleadings and summary judgment evidence show that there is no
genuine issue of material fact and the moving party is entitled to judgment as a matter of
law. TEx. R. Ctv. P. 166a(c); Blackv. Victoria Lloyds Ins. Co., 797 S.W.2d20,23 (Tex.
1990). If a movant's motion and summary judgment proof facially establish a right to
judgment as a matter of law, the burden shifts to the non-movant to raise a material fact
issue sufficient to defeat summary judgment. HBO, A Div. of Time Warner Entertainment
Co., L.P. v. Haruison, 983 S.W.2d 31, 35 (Tex. App.-Houston [14th Dist.] 1998, no pet.).
In the absence of establishing a fact issue, the movant is entitled to summary judgment as
a matter of law.
10 A party resisting a claim may establish that no genuine issue of fact exists, justif ing a
"take-nothing" judgment as a matter of law by negating at least one of the key elements of
each of the claimant's theories of recovery . Science Spectrum, Inc. v. Martinez,941 S.W.2d
910,911 (Tex.1997).
BRn,q,cH or CoNrRAcr
11. Elements of breach of contract are: (1) existence of valid contract between plaintiff and
defendant; (2) plaintiff performed or tendered performance under contract; (3) defendant
breached contract; and (4) plaintiff was damaged as result of breach. Holloway v. Dekkers,
DEFENDANTS' MoTIoN ToR SUITITaRY JUDGMENT PAGE | 4
380 S.W.3d 3I5,324 (Tex. App.-Dallas 20l2,no pet.). To prove abreach of contract, the
plaintiff must establish that it performed, tendered performance of, or was excused from
performing its contractual obligations. See, e.g., Krayemv. USRP (PAC), L.P.,194 S.W.3d
91 (Tex. App.-Dallas 2006, pet. denied). A party who does not perform its obligation
cannot enforce the remaining terms of the contact against the other party. Interceramic,
Inc. v. S. Orient R.R. Co.,999 S.W.2 dg20,924 (Tex.App.-Texarkana l999,pet.denied)
12. Under the traditional rule, parties are entitled to an "exact" performance of their agreement.
See Kitten v. Vaughn,397 S.W.2d 530, 533 (Tex. Civ. App.-Austin 1965, no writ). For
example, in Kitten, a contract calling for a first lien note of $160,000 with a single lender
was not sufficiently performed by a tender of a first lien note of $ 100,000 with one lender
and an additional second lien note of $60,000 with a second lender. Failure to fully perform
or to tender full perfonnance prevents a party from enforcing the contract. See Benson v.
Harrell,324 5.W.2d,6t20,623(Tex. Civ. App.-Fort Worth Ig5g,writ ref d n.r.e.).
13 Here, Plaintifls breach of contract must fail because it cannot that it performed, tendered
performance of, or was excused from performing its contractual obligations. See, e.g.,
Krayem v. USRP (PAC), L.P.,194 S.W.3d 91 (Tex. App.-Dallas 2006, pet. denied). The
Agreement between Plaintiff and Defendant clearly contemplates a $15,000,000 loan, and
nothing less:
D#; ltlnvarr&er&,?fr21
slgg:[: &sdu] ]dej*d t+8*€snsllt'
E$ Corrn@kertunl{s,0m,000
DEFENDANTS' Moltolq FoR SUMMARY JUDGMENT PAGE | 5
foff$iA?B{:. M*men$im F6d Wo'th lny€ttrne$l, LLG
froaEdy.*ddres*i Hstiday l$rl
1S0 Aft6ma6d $l$d Ea*t
fert\ifurtfi, ?e,,ffis
Lps*Ard+qs $16,@.sO0
Lnsn lo \hlu$: €ff6
lrrlere$t Rat*l S.4$%. +30 Ssy Libsr {"0$ iloo*.
Is$r: 3S MrY{h$ {lrltsr€si oaly)
utxn ls$lsnco of lhe ban oilsrEtt a{ rpl }Elg {Ea $IAffi6.S0q ry TSf, sr fra lffmr{ot} snd y6{ hsdh
sut, afi{* llK haft ds€$ $d do,s€ fer arry resofl stlKf thafl YCCk wil[tutr
*tist k" lhen TC* *il| ba entithd io * ltuR'Er*ak*p Fre'cf nor t€Rs
!lr*n 1.ST{" *ft *r}f$ svsfit. }iFu ffirissnt {s tlre *liq *! aBptrtri*l* ffiu{|lsFt*"
See Exhibit 1, Agreement; see also !f 8, Exhibit A, Hassanally Affidavit.
t4. Despite the clear and unambiguous language of the contract, Plaintiff only procured a loan
from American Savings Life Insurance in the amount of $14,500,000:
Proposed lnen: $;{,500,000in fir$t Ffsitgo{l lian al ?.9Sft ftr*d rate- icrerestsnfy, li.rlth
E i-yrr h*llnsn; sns {1} opti*rrel l'gear e*ic**lhn thereof, upan
o*Yftent *f a I et, extcnsisn fee
See Exhibit2, CLA; Exhibit l, Agreement; see also fl 9, Exhibit A, Hassanally Affidavit.
l5 Defendants are entitled to an "exact" performance of their agreement. See Kitten v. Vaughn,
397 S.W.2d 530, 533 (Tex. Civ. App.-Austin 1965, no writ). Just as in Kitten, Plaintiff
failed to perform in the exact manner contemplated in the contract. The loan procured by
Plaintiff was short of the bargained for amount. Whether this is construed as a failure of
conditions precedent, a failure of consideration, a prior material breach of the contract, or
a simple failure to perform, the result is the same: Plaintiffs breach of contract fails as a
matter of law, Plaintiff should take nothing.
76 Moreover, the deficient loan procured by Plaintiff never closed through no fault of
Defendants. See fl 10, Exhibit A, Hassanally Affidavit. Specifically, the lender, American
Savings Life Insurance Company, represented that the loan would close upon an inspection
of the Defendants' property. See fl 10, Exhibit A, Hassanally Affidavit. However, no such
DEFENDANTS' MOTTON T.oR SUNTvT^q.RY JUDGMENT PAGE | 6
inspection ever occurred, and the loan never closed. See fl 10, Exhibit A, Hassanally
Affidavit. Simply put, Plaintiff procured a deficient loan that was never consummated, and
accordingly, did not perform its contractual obligations.
17. In summary, a breach of contract claim requires a plaintiff performed or tendered
performance under contract. Holloway v. Dekkers, 380 S.W.3d 315, 324 (Tex, App.-
Dallas 2012, no pet.). Plaintiff has not and cannot demonstrate that it procured a
commercial loan of not less than $15,000,000. See Exhibit 1, Agreement; see also Exhibit
2, CLA. Defendants were entitled to the exact benefit of their bargain, and when Plaintiff
failed to adequately perform, Defendants were excused from performing their contractual
obligations as a matter of law. See Benson v. Haruell, 324 S.W.2d 620, 623 (Tex. Civ.
App.-Fort Worth 1959, writ ref d n.r.e.)
18 Accordingly, for these reasons, Plaintiff s claim for breach of contract fails as a matter of
law.
RRnacn on Gu.rRaNrv:
19. To recover on a breach of a guaranty agreement, the plaintiff must prove: (1) the existence
and ownership of the guaranty agreement; (2) the terms of the underlying contract by the
holder; (3) the occurrence of the conditions upon which liability is based; and (4) the failure
or refusal to perform the promise by the guarantor. Jain v. Plainscapital Bank,No. 10-15-
00396-CV,2017 Tex. App. LEXIS 3713, at *1 (Tex. App.-Waco Apr. 26,2017,no pet.)
(citing Gold's Gym Franchising LLC v. Brewer,400 S.W.3d 156, 158 (Tex. App.-Dallas
2013, no pet.).
20 Plaintiff should take nothing by its breach of personal guaranty claim against Defendants
because 1) there is no personal guaranty agreement between Plaintiff and Defendants, and
DEFENDANTS' MOTION FOR SUMMARY JUDGMENT PAGE | 7
2) even if such agreement existed, Plaintiff failed to perform the underlying condition of
the contract that was allegedly guaranteed.
2l Plaintiff claims that "[u]nder the terms of the Agreement and the Conditional Loan
Approval, Defendants became unconditionally liable for fully payment due to Plaintiff s
performance of all obligations under the Agreement." See Plaintiff's Original Petition, at
4. But nothing the in Agreement between Plaintiff and Defendants constitutes a personal
guaranty, and there is no other document constituting a personal guaranty between Plaintiff
and Defendant ABDUL HASSANALLY. See generallyExhibit 1, Agreement; see also fl
I l, Exhibit A, Hassanally Affidavit. The Agreement is silent as to any personal obligations
undertaken by Defendant ABDUL HASSANALLY. See generallyExhibit 1, Agreement;
see also fl 11, Exhibit A, Hassanally Affidavit. Moreover, the signature block on the
Agreement clearly contemplates Defendant MOMENTUM as to the party to be bound:
l ffiE) hereby acknou*$adge an# agre* tc,tt36 fih{\le fafffls, an# alitfi$i;B
TCS +r'rts fnvs€tsre te sbiah any ffedit inf*ff$8tkn thet r*8y b€
r*qLrlred"
l*x.;h* Fsrlqrb{rft fl,l*!*e, U,G
ff nropeny {if irdict$ed}: lnd{vlduql
.4$dd Jtuttodtf
Borrar-r.rsrJFri n*fi El'$ Sigfrskrr€ ; 8*neruuafs Sigta{urie
S,e'dul l!{6jid |*s**grallS
Hgf?l€ Flnnt€dll f'{ea'n* F*lntsd
fr,ara. rl /0sf?fi?1
See Exhibit 1, Agreement; see also fl 11, Exhibit A, Hassanally Affidavit.
Clearly, the Agreement is a contract between Plaintiff and Defendant MOMENTUM, not
Defendant ABDUL HASSANALLY. See Exhibit 1, Agreement. Accordingly, Plaintiff
cannot show the existence of any personal guaranty that would create individual liability
as to Defendant ABDUL HASSANALLY.
DEFENDANTS, MOTION FoR SUMMARY JUDGMENT PAGE | 8
22 Plaintiff further attempts to rely on the Conditional Loan Approval as a basis to support
personal liability. See Plaintiff's Original Petition, at 4. While that document does refer to
Defendant ABDUL HASSANALLY as a personal guarantor, it is not a binding contract,
and Plaintiff is not aparty or owner of that agreement. See Exhibit2, CLA; see also fl 12,
Exhibit A, Hassanally Affidavit Accordingly, Plaintiff s breach of guaranty claims must
fail.
23 Even if a personal guaranty agreement did exist, Plaintifls claims must fail because of
Plaintiffs failure to perform its underlying contractual obligations as described
hereinabove. Plaintiff must show "the occurrence of the conditions upon which liability is
based." See Gold's Gym Franchising LLC v. Brewer,4O0 S.W.3d 156, 158 (Tex. App.-
Dallas 2013, no pet.) Here, Plaintiff procured an insufficient loan for Defendants that never
closed because of the lender's failure to perform, thus excusing any further contractual
performance of Defendants. See Exhibit 1, Agreement; see also Exhibit2,CLA, see also !J
13, Exhibit A, Hassanally Affidavit There is no breach of the underlying Agreement, and
no personal guaranty upon which Plaintiff can sue, which is fatal to Plaintiff s breach of
guaranty claim. As such, Defendants are entitled to a take-nothing judgment as a matter of
law.
V.
CONCLUSION
24 Simply put, Plaintiff is attempting to recover on a Contract which it did not perform and
on a personal guaranty which does not exist. Plaintiff cannot promise to procure a loan of
not less than $15,000,000, and then claim that its procured loan of $14,500,000 that never
closed because of acts of the lender, and then claim adequate performance. Moreover,
DEFENDANTS' MOTION FOR SUMMARY JUDGMENT PAGE | 9
Plaintiff s addition of its breach of guaranty claim demonstrates the frivolous nature of this
suit given the complete absence of any document relating to Plaintiff imputing personal
liability to Defendant ABDUL HASSNALLY. For the reasons described hereinabove,
Defendants request that this Court grant their Motion for Summary Judgment, and enter
take-nothing judgment as to all claims asserted by the Plaintiff TREVOR COLE
COMMERCIAL CORP. OF CT.
u.
PRAYER
WHEREFORE, PREMISES CONSIDERED, Defendants MOMENTUM FORT WORTH
INVESTMENT, LLC and ABDUL M. HASSANALLY pray that the Court grant Defendants'
Motion for Summary Judgment, and enter a take-nothing judgment as to Plaintiff TREVOR COLE
COMMERCIAL CORP. OF CT's claims, and for such other and further relief, at law or in equity,
to which Defendants MOMENTUM FORT WORTH INVESTMENT, LLC and ABDUL M.
HASSANALLY may show themselves to be justly entitled.
DBFENDANTS' MoTIoN FoR SUMMARY JUDGMBNT PAGE | 10
Respectfully submitted,
COOK KEITH & DAVIS,
A PROFESSIONAL CORPORATION
/s/ Stephen W. Davis
STEPHEN W. DAVIS
State Bar No.24066792
stephen@cookkeithdavis. com
ETHAN M. HERREMA
State Bar No. 24106088
ethan@co okke ithdavi s. c o m
6688 North Central Expressway, Suite 1000
Dallas, TX 75206
(2r4) 368-4686
(21 4) 593 -57 13 Facsimile
ATTORNEYS FOR DEFENDANTS
CERTIFICATE OF SERVICE
I hereby certifu that on the22"d day of December 2023,a true and correct copy of the above
and foregoing was served upon all parties herein in accordance with the Tpxns Rules oF CIVIL
PRocepuRn.
Patrick Primavera
Law OrrrcES oF PATRTcK PRIMAVERA
32731Egypt Lane, Suite 704
Magnolia, Texas 77354
/s/Ethan M. Herrema
ETHAN M. HERREMA
DEFENDANTS' MoTIoN ToR SuuuanY JUDGMENT PAGE | 11
ExHIBIT A
CA tiSli I'f O. IIC-:: -$"1 17!/-
'f lrEVOlt^ COl.li COM It lillCll;\l, (-ORP. IN 1'lln DIS"fltl(*r COt:l{"t'
$
OF C'I.. $
l'laitti11. $
$
$
$
v $
$ I 3{II' .TUDICIAI.. DIS'TRI CT
ns
$
$
MOS{ ENTLJ;\{ FOII]' WOITTT I t\
INY[:STS{EN'I', LLC, and AtsDtil. }t t\
IIASSANAI,I,Y $
Dcleudant. $ DAI.I.AS CO TJ N'I'V,'I'EXAS
D OC l-,A I{A'FION OF A B Dt.l L i\{. I'IASSA NA t,t,Y
I . "N'ly nanre is Abdul it4. Hassanally. I anr ovcr t\\renty-one (21 ) years of agc. ol'sorttrd rnind.
irave never been convicted of a felony. and am lllly cotnpetent to ntake and execrtte this
alfldavit. I anr a Defbnclant and an authorized representative of MOMUNTUM FORT
WORTI{ INV[:S'I-N.{EN'[. LLC. Deferrdant. and as such. I have personal knorvledge olthe
facts stated irr this affidavit. rvhich are all true and comect.
:. "l am a Del'endant and an authorized representative of MOMh.NTUM FORT WORTH
INVESTI\{ENT. LI-C. Defendant: and I have or a person under rny'supenision lras care.
custody'. and corrlrol of all records concernirrg Plaintiff TREVOR COLE COMN4ERCIAL
CORP. OF CT.
"1. "l am a custodian of the records of Defendant |\.{O\,'1ENTLJI\{ FORT WORTH
INVESTMEN"T. LLC. Attached hcrcto are fi\'e (5) pages cf lecouds h'orl Defendant
\'10\{I:NTU\,1 FOR1'WORTI{ lNVliSl'l\{l;NT. l.l.C. Tlrese said fir,e [5) pages of records
are kept b)' p.t ndnnl \.IIOMH.NTUM FORT WORTIi INVESTN'IENT. LLCI in the regirlar
rr(\lrrse ol'husiness. and it \\'as llrr' regrrlar corlrse of business of an ernplol'ee Defendant
l)r t t. rrt.rr r()\ ()F Alult t. ]1. Il.rss.rl.rt.t.t Pagc I I
\{O\,,1l:N l't ivl FOI{l' \\jOlt'fll IN\i1,Sl"\'11:N'f. l"l-('. it'ilh knori'ltdge ol tlt* itcl. e\ilrrt.
conrliiion. ilpiniolt. or ditgnosis. recordcd 1o rttnke llic t'ccorcl nr to lrilttstttit infi:rrtrltion
thcrt.ol' to bc includcd in srrch rr:cord: lrrd the rccord rvas tttitcle at or l)cilr tlter lirtte or
rclsonabl,r'soon thcrcalter. l'he records attachcd hcreto are the original orcxact dtrplicates
olthe original
l "Ort or abttut Noverlber 9. ?A21. Dc{bndarrt lvlot!'I[tN'|LJM f0li'f WOIIl'll
INVESTI\.{ENT. Ll-C ("IVION4HNTUM") errtcrecl into an agreernent rvith Plaintiff in rvhich
Plaintitf agreecl to secure iirrancirrg and to procurc MOMIIN'|IJM a corttmcrcial loan of not
less tlran S 15.000.000.00.
) "Plaintitls larvsuir isbasecl on its lhlse clainrs that it firltllled ils conlracttral obligations by
secrrrine, tlris llnancing linnr Amcrican Savings Life Irrsurance Cotrpany in earll' 2022.
Speci{icall1.. PlainrilTrelererrces an executed Conditional l-oan Approval benl'eert Det-endant
arrd Anrerican Sar,ings Lile Insr.rrance Cornpanv as fulfilment of its contractual obligations.
I"lon,ever- the Conditiorral Loan Approval dernonstrates thai Plaintiff on11" securecl a
conrrnercial loan totaling S14"500.000. $500.000.00 less than rvhat Plaintiff and Defendar.rts
had bargained for.
6 "tjltirnatell.. the insufficieul loan faiied to close through rro lhtrlt of Defenclatlts. Because
Arnericarr Sar,ings Lil'e insurance Cornpanl.' failed lo perftrnrr ali inspections that it derlanded
prior tcl closin{, the deal \\'as never cottsttnrtlatecl.
- "Despite procuring an insuiJlcient loatt lbr Defendanls that ttever closed becartse of the
lclcler's failure io perfcrrrr, Plainliff has tjled suit artd is dernanditlg pa,vnient pursuanl to the
corltract [etteen Plaintiff and Defendants. and seekirtg persorral liability against Defendant
AI]DI jI.IiASSANALLY.
l)t r I \t{ \ n(}\ ttl.'AI}DI L l\1. H rrs,rr rt t.r I'agr I f
8. ""Ilre Agreettreut benveen Plaintill'and l)e lbndant clearly contnrrrplatcs a $15.000.000 l6arr.
ancl nothing less.
9. "f)espite tltc clear and urtarnbiguor.rs larrguage of lhc contrnct. Plaintill"only procurcd a loan
from r\rnerican savings Lilb lnsurance in tlre arnount of $ 14,500.000.
l0' "illoteover. the delicient tour procured by Ptainrill ncvcr closed through na fault of
Dqfendants. Specifically, lhe lencler, American Savings Li1'e Jnsurance Ciornpany.
represented that the loan n'ould close upon an inspection
clf the Defendallts' propert!.
Holet'er. rto sttch inspection e\ier occrlrred, and tlrc loan never closed. Sirnply put, Plainrilf
procured a deficiertt loan that \vas never consru)unated. ancl accordingiy. did not perfonn its
contraclual obl i gations.
I l. "Nothing the in Agteenrent betn,eerr Plaintifland Delendants constitutes a personal guaranty.
and there is no other dclcument constituting a personal guaranty between Plaintiff and lnyself.
The Agreemertt is silent as to any personal obligations undertaken by rne.
12. "PlaintitT fiurher attetnpts to rely on the Conditional Loan Approval as a basis to support
personal liability. \Vhile tltat docurnent does refbr to rne as a personal guarantor. it is not a
binding contract. and Plaintiff is nCIt a party or o\\:ner of that agreelnenl.
l-1. "Plaintiff procured an insufficient loan for Defendants that never closed because of the
lender's lailure to perfonn. thus excusing any tirrtlrer contractual perlonnance of
.
Defendants."
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