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NEW In-House Counsel | Insurance | Intellectual Property | Immigration | Natural Resources | Real Estate | Tax

CONSIDERATION - What constitutes - Forbearance

Tuesday, June 26, 2018 @ 9:08 AM  

Appeal by the plaintiff, Rosas, from the dismissal of her action against the defendants, Toca and Visaya, to enforce repayment of a loan. On January 8, 2007, Rosas won $4.163 million in a lottery draw. Two days later, within hours of receiving her winnings, Rosas handed a bank draft in the amount of $630,000 to her friend, the defendant Toca, to assist with a house purchase. At trial, Rosas alleged that $30,000 of the advance was a gift and $600,000 was a loan. The defendants acknowledged...