Court Opinion

ID: 9846500
Source: CourtListenerOpinion
Date Created: 2023-09-24 03:42:32.959642+00
Date Added: 2024-06-11T09:19:35.651571
License: Public Domain

NEELY, Chief Justice,
dissenting:
The gravamen of the Crooks’ allegation of fraud is that lack of long-term financing bankrupted them. I have a hard time seeing how long-term financing, which requires payment of interest and principal, would have saved the Crooks’ business from bankruptcy, when short-term financing, which requires only interest, did not. Mr. Crook estimated that with long-term financing, his payments would have been about $2,000 to $2,500 per month. The record shows that the Crooks’ interest payments under the short-term note averaged below $1,600 per month. No hurt, no foul! I would affirm the circuit court.