Was equitable entitled to a decision in its favor

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Reference no: EM131494330

Question: Equitable Life Insurance Co. loaned money to Inland Printing, secured by a mortgage on Inland's property. When Inland failed to pay the mortgage debt, Equitable foreclosed on the mortgage and sold Inland's property. As the sale did not produce an amount sufficient to cover the debt completely, Equitable sued the corporation's officers and directors for negligence, claiming that they had mismanaged the corporation's business. Was Equitable entitled to a decision in its favor? (Equitable Life and Casualty Co. v. Inland Printing Co., 454 P.2d 162)

Reference no: EM131494330

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