Auto Dealer, Reinsurer Breached Terms Of Loan Agreement, Loan Issuer Says

(March 17, 2021, 2:08 PM EDT) -- LAFAYETTE, Ind. — An automotive dealership and a reinsurer are liable for paying back more than $1 million loaned to the dealership and guaranteed by the reinsurer because the automotive dealership breached the terms of the loan agreement and promissory note when it closed its business, the issuer of the loan alleges in a March 10 complaint filed in Indiana federal court....

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