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We have to present case law for a Georgia case where a bank provided a construction loan to a company. The note presented by the bank to the company was signed by an individual that was not an officer or shareholder in the company and was not authorized to sign on behalf of the corporation. This individual did however guarantee the loan. The company is looking to void this loan and needs case law in support of such. The company feels the loan is not valid and that company should not be liable for repayment of such loan.
The individual guarantors of the loan feel they are not responsible for repayment of the loan because it was not properly executed. The guarantors want to remove their obligation to repay and need case law to support such.
The case law needed in support of both positions is needed on or by January 4, 2013.
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