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Focus on Financial Services - Summer 2007
Author(s):
Dietrich, Jane
,
von Bargen, Kevin
Date:
July 18 2007
In this issue we discuss court decisions regarding: a corporation's right to prepayment of a closed mortgage; whether the lender's imposition of a cap on a revolving line of credit constitutes a fundamental breach; the extent of directors' and officers' liability for unpaid wages that have accrued or are payable; and whether lenders owe a fiduciary duty to clients who borrow for investment purposes.
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