Loans Made to New Business Excluded Where They Were Not Documented

Business Valuation Update BVLaw
Legal and Court Case Update
March 28, 2006
3843 Dental Equipment and Supplies
marital dissolution/divorce

Paul Louis Gratton v. Bernadette Juliana Gratton
No. M2004-01964-COA-R3-CV (Tenn. App. 2006)
US
State Court
Tennessee
Court of Appeals
Alfred H. Knight, Helen Sfikas Rogers
Cottrell

Summary

The Tennessee Court of Appeals determined that a spouse may not recover funds loaned to a family business where the value of the business is less than the amount of the debt, the loans were not memorialized with promissory notes, the loaned funds had been ...

See Also

Paul Louis Gratton v. Bernadette Juliana Gratton

The Tennessee Court of Appeals determined that a spouse may not recover funds loaned to a family business where the value of the business is less than the amount of the debt, the loans were not memorialized with promissory notes, the loaned funds had been ...