ILANA DIAMOND ROVNER, Circuit Judge. In August 1989, Marine Partners Ltd., Inc., a corporation of which Nick Popovich was President and sole shareholder, purchased a marine vessel for the price of $340,-000. The corporation made a $100,000 down payment and borrowed the remaining $240,-000 from Yegen Marine, in whose favor it executed a note on August 31, 1989. The note promised…
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