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CAGNONI v. BARBER

No. 70-404.

486 P.2d 32 (1971)

Joe CAGNONI, Plaintiff-Appellee, v. Paul A. BARBER and Donald E. Pross, Defendants-Appellants.

Colorado Court of Appeals, Div. I.

June 8, 1971.

Attorney(s) appearing for the Case

Spurgeon, Aman & Hanes, William R. Aman, Colorado Springs, for plaintiff-appellee.

Paul Barber, Colorado Springs, for defendants-appellants.

Not Selected for Official Publication.

COYTE, Judge.

Joe Cagnoni, Paul Barber, and Donald Pross, parties to this action, were officers and shareholders of a corporation known as C-M Purchasing Corporation.

The corporation borrowed $5,000 from a bank, giving a promissory note in return. The three parties to this action all signed as co-guarantors of the note. The corporation defaulted in payment, leaving a balance due and owing of $4,703.20. After demand...

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