X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Paul Groth and Christopher Welton appeal the trial court’s grant of summary judgment to Ace Cash Express, Inc. “Ace” on Ace’s claim that they were personally liable to Ace as guarantors of the debts of Empire Financial, LLP “Empire”. Groth and Welton argue that the trial court instead should have granted their motion for summary judgment because the guaranty Ace seeks to enforce does not satisfy the Statute of Frauds. We agree and reverse. Summary judgment is proper where there are no genuine issues of material fact and the movant is entitled to judgment as a matter of law.1 We review de novo a trial court’s decision on summary judgment.2 Here, the material facts are not in dispute. In 1996, Ace and William Willis entered into a franchise agreement the “franchise agreement” whereby Willis would operate an Ace check cashing franchise in Georgia. Willis signed a separate personal guaranty of all obligations under the franchise agreement “Willis guaranty”, which was attached as Exhibit F to the agreement. Willis subsequently assigned the Ace franchise to Southern Financial Express, Inc. “Southern”, which he and Deborah Moffett owned as equal partners. This was done with Ace’s consent, through a document entitled “Assignment/Assumption Agreement and Consent” “Southern assignment”.

On November 15, 1999, Ace, Southern, and Empire entered into an “Assignment/Assumption Agreement and Consent” in which Southern transferred the Ace franchise agreement to Empire with Ace’s consent “Empire assignment”. Southern is identified as the “Assignor” and Empire as the “Assignee.” The Empire assignment provides, in pertinent part: 2. Assumption . Assignee hereby assumes the obligations and liabilities of Assignor in and under the Franchise Agreement, including to personally guarantee the obligations of the Assignee as set forth in the Franchise Agreement under Exhibit F —Guaranty which is attached hereto as Exhibit A.3 Elsewhere in the Empire assignment, Groth and Welton are identified as the owners of Empire. The signature lines read:

 
Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

More From ALM

With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas.
View Now
Our Team Account subscription service is for legal teams of four or more attorneys. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team.
View Now
Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Both options are priced the same.
View Now
September 05, 2024
New York, NY

The New York Law Journal honors attorneys and judges who have made a remarkable difference in the legal profession in New York.


Learn More
September 06, 2024
Johannesburg

The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.


Learn More
September 12, 2024
New York, NY

Consulting Magazine identifies the best firms to work for in the consulting profession.


Learn More

JOB DESCRIPTION SUMMARY Pulsar Title Insurance Company Inc., a commercial and residential title insurance underwriter based in the Bato...


Apply Now ›

RECRUITMENT BONUS Newly hired employees from this recruitment may be eligible to receive bonus payments up to $3,000!* FLEXIBLE SCHEDULE: ...


Apply Now ›

Morristown, NJ; New York, NY Description: Fox Rothschild has an opening in multiple offices for a Counsel in our Litigation Department. The ...


Apply Now ›
06/27/2024
The American Lawyer

Professional Announcement


View Announcement ›
06/21/2024
Daily Business Review

Full Page Announcement


View Announcement ›