The Longphres loaned KT Financial $330,000 by two separate promissory notes with 30% interest and specified “[a]ll accrued interest and unpaid principal” was due one year after the notes were executed. The notes also allowed the Longphres to collect attorney's fees pursuant toN.C.G.S. § 6-21.2if KT Financial defaulted.
The Liquidating Trustee sought judgment on his claims for breach of contract, breach of the implied covenant of good faith and fair dealing, and unfair or deceptive acts or practices against Moses H. Cone Memorial Hospital Operating Corporation ("Cone Health), with both parties seeking summary judgment.
