Opinion ID: 2637904
Heading Depth: 1
Heading Rank: 5

Heading: conclusion

Text: [¶ 23] CSR and Ms. Schlesinger entered into seven short term, high risk loan agreements with Ms. Woodcock as negotiated and arranged by Mr. Dixon. Four loans were documented by promissory notes or a receipt, and the other three loans were undocumented. We conclude the trial court properly determined that the course of the parties' dealings established the terms of the undocumented loans. We further conclude the modified loan agreement that substantially altered the terms of the original agreements without providing anything of value to Ms. Woodcock was invalid for lack of consideration. The trial court's determination on the merits was not clearly erroneous, and its discretionary award of attorney's fees and costs was supported by the record. [¶ 24] Affirmed.