Education Resources Inst. v. Yokoyama
Plaintiff and respondent The Education Resources Institute, Inc. (TERI) is in the business of guaranteeing student loans. Defendant and appellant Christine Yokoyama executed promissory notes to obtain three student loans. After Yokoyama defaulted, the notes were assigned to TERI, which paid the original lenders and filed suit against Yokoyama. Judgment was entered in favor of TERI. Appealing from that judgment, Yokoyama contends: (1) the action was barred by the four year statute of limitations; and (2) the notes were discharged in bankruptcy. Court affirm.
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