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SHARPE v. COMMERCIAL SAVINGS BANK OF STERLING

No. 70-572.

492 P.2d 859 (1971)

Keith L. SHARPE and Marlow Sharpe, Plaintiffs-Appellants, v. COMMERCIAL SAVINGS BANK OF STERLING, a Colorado corporation, Defendant-Appellee.

Colorado Court of Appeals, Div. II.

December 28, 1971.

Attorney(s) appearing for the Case

Ownbey, Pittam & Wilson, Richard O. Pittam, Denver, Littleton, for plaintiffs-appellants.

Kreager, Sublett & Dowis, Charles W. Kreager, Sterling, for defendant-appellee.

Not Selected for Official Publication.

DWYER, Judge.

In March 1964, plaintiffs, Keith and Marlow Sharpe, executed and delivered to the defendant, Commercial Savings Bank of Sterling, a promissory note in the amount of $15,000. The note was executed by the plaintiffs in connection with the financing of Sturgis Manufacturing Company, a corporation in which the plaintiffs were major stockholders. Thereafter, the bank demanded payment, and the plaintiffs disputed...

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