BBR Investments v. Dividesfahani CA2/7

INTRODUCTION

Shahriar Davidesfahani appeals from the amended judgment entered after the trial court granted a motion by BBR Investments, LLC for summary judgment in BBR’s action against Davidesfahani for breach of his guaranty of a line of credit for his business, Mah-Zad Corporation. Davidesfahani argues he “lacked thorough consideration of his obligations by the fault of” BBR, “which made it impossible for [him] to perform.” Davidesfahani also challenges the order awarding BBR $4,491.43 in attorneys’ fees and $2,209.43 in costs. We affirm.

FACTUAL AND PROCEDURAL BACKGROUND

On November 8, 2013 Mah-Zad borrowed $225,000 from US Bank in the form of a revocable line of credit evidenced by a promissory note and secured by Mah-Zad’s assets, inventory, and equipment. Davidesfahani, Mah-Zad’s president, signed the Demand Line of Credit Agreement. Mah-Zad agreed that, if it drew on the line of credit, it would make monthly interest payments at the rate of prime plus 2.5 percent and that all amounts due were payable on demand. Mah-Zad also agreed it would pay the bank’s attorneys’ fees and costs in the event of litigation. Davidesfahani signed a continuing guaranty, which guaranteed…