Heather, an interior designer, bought a house and immediately made plans to make updates. Heather decided she would give the house an “open look” by having five sets of French doors opening from the back of the house onto a large patio. The doors were expensive, and Heather financed the purchase price of the doors by issuing a promissory note to the door manufacture. The door manufacturer sold the promissory note to a bank. A week after the promissory note matured, the doors began falling apart – they would not close properly, when it rained they leaked, etc. Heather refused to pay on her promissory note and brought action against the door manufacturer for breach of contract.
Will the bank recover on the promissory note?