Appellant: Court’s Interpretation Renders Loan Agreement Illusory, Unreasonable

Mealey's (November 1, 2017, 8:57 AM EDT) -- RICHMOND, Va. — An appellant has asked the Fourth Circuit U.S. Court of Appeals to reverse a lower court’s dismissal of its breach of contract and tortious interference counterclaims against an insurer, arguing the lower court’s interpretation of a $500,000 development loan agreement “renders it illusory, commercially unreasonable and inconsistent with the intentions of the parties” (Fidelity & Guaranty Life Ins. v. United Advisory Group, No. 17-1077, 4th Cir.)....