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HOT SPRINGS NAT. BANK v. STOOPS

No. 12908.

613 P.2d 710 (1980)

94 N.M. 568

HOT SPRINGS NATIONAL BANK, a national banking corporation, Plaintiff-Appellee, v. Donald E. STOOPS and Lois Stoops, his wife, et al., Defendants-Appellants.

Supreme Court of New Mexico.

July 1, 1980.

Attorney(s) appearing for the Case

Coors, Singer & Stratton, Robert N. Singer, James M. Kennedy, Albuquerque, for defendants-appellants.

Martin, Martin & Lutz, William L. Lutz, Las Cruces, for plaintiff-appellee.

OPINION

FEDERICI, Justice.

Appellee, Hot Springs National Bank (Bank), brought suit against appellants, Donald Stoops and his wife, Lois Stoops (Stoops), on several promissory notes executed by Donald Stoops, which had not been paid in accordance with the terms of the notes.

Donald Stoops and Richard Ruffini, a vice-president and trust officer of the Bank, entered into a business venture as a closely held corporation known as R & S Investment...

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