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Marijuana Law – Keyed to Mikos
Hammer v. Today’s Healthy Care II, Co.
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- Topic: Identifies the topic of law and where this case fits within your course outline.
- Parties: Identifies the cast of characters involved in the case.
- Procedural Posture & History: Shares the case history with how lower courts have ruled on the matter.
- Case Key Terms, Acts, Doctrines, etc.: A case specific Legal Term Dictionary.
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- The Case Brief is the complete case summarized and authored in the traditional Law School I.R.A.C. format. The Pro case brief includes:
- Brief Facts: A Synopsis of the Facts of the case.
- Rule of Law: Identifies the Legal Principle the Court used in deciding the case.
- Facts: What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case. Review the Facts of this case here:
Plaintiffs got a loan agreement with Defendant, Today’s Health Care II (THC) in which Plaintiffs loaned THC $250,000 for “financing a ‘retail medical marijuana sales and growth center.’” Each loan agreement also contained a promissory note (loan documents). The loan documents indicated that THC would repay Plaintiffs at a 12% interest rate. In the event of a default, THC would have five days cure its default and pay Plaintiffs. If THC failed to timely cure the default, THC was required to pay the principal loan amount at an interest rate of 21%, plus attorney’s fees and any cost associated with the enforcement and collection. On March 12, 2011, THC failed to pay Plaintiffs. March 17, 2011, THC defaulted on the loan agreements to Plaintiffs. Plaintiffs sued THC for breach of contract and filed a motion for summary judgment.
- Issue(s): Lists the Questions of Law that are raised by the Facts of the case.
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