MEMORANDUM OPINION
PHILIP PRATT, District Judge.
Frank's Nursery Sales, Inc., a Michigan corporation (Frank's), instituted its suit against American National Insurance Company, a foreign corporation (American), seeking to recover a standby fee paid by Frank's as a result of the failure of the parties to complete a mortgage transaction. Jurisdiction is founded on diversity under 28 U.S.C. § 1332.
The...
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