Suntrust Bank v. Houghton Mifflin Co.

So, there's a bank called Suntrust Bank, and there's a company called Houghton Mifflin. Suntrust had loaned money to a company that Houghton Mifflin later bought. But then, Houghton Mifflin got into financial trouble and stopped paying back the loan to Suntrust.

So, Suntrust got mad and sued Houghton Mifflin, saying they had to pay back the loan. But, Houghton Mifflin said they shouldn't have to, because the loan agreement didn't say that they had to pay it back if they bought the company that originally borrowed the money.

The court had to decide who was right. They looked at the loan agreement and other legal documents, and they decided that Houghton Mifflin did have to pay back the loan, even though they had bought the company that originally borrowed the money. Suntrust won the case.