Lease Guarantors’ Evidence Must Be More Than “Speculative”

Facts: A shopping center tenant breached its lease with the owner. The owner sued the two guarantors of the lease. The guarantors both argued to the trial court that they had been fraudulently induced to enter into the lease by the center’s previous owner. They also sought damages “suffered as a result of the fraudulent inducement to enter into the lease.” The owner and the guarantors each asked the trial court for a judgment in its favor without a trial.