11th Circuit Panel Affirms Finding That Franchisee Owes Balance On Note

(January 18, 2018, 12:11 PM EST) -- ATLANTA — The 11th Circuit U.S. Court of Appeals on Jan. 10 affirmed a district court’s ruling in favor of a creditor in a dispute over an outstanding balance on a franchisee’s note, rejecting the franchisee’s arguments that the title of the note was not properly transferred to a new creditor and that the franchisee’s default would not have occurred if the franchisor did not breach the terms of the franchise agreement (DZ Bank AG Deutche Zentral-Genossenschaftsbank, et al. v. Michael J. McCranie, No. 16-14773, 11th Cir., 2018 U.S. App. LEXIS 611)....