19 Jan Sun, Air, Water & Land, Inc. v. Harold M. “Jack” Reynolds.
In August 2019, the Circuit Court of Sequatchie County, Tennessee granted Plaintiff Sun, Air, Water & Land, Inc. (“SAWL”) Summary Judgment in a contract action, and awarded SAWL $1,851,277.17 with interest accruing until paid in full. The claim arose from a promissory note executed in 1999, and renewed in 2008, in the amount of $200,000. The Defendant never made any payment on the promissory note or renewal note, leaving interest to accrue. The Court rejected the Defendant’s claim that work he performed for the benefit of SAWL or its President should serve to offset any amount due under the promissory note or renewal note. On appeal, the Tennessee Court of Appeals affirmed the trial court’s ruling granting SAWL summary judgment and awarding $1,851,277.17 plus future interest.