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CLITHERO v. KEY SECURITIES, INC.

No. 47,203

214 Kan. 380 (1974)

520 P.2d 1225

EDWARD L. and LILLIAN C. CLITHERO, FLOYD Z. and MARY E. KELLEY, WERNER F. and ROSALIE G. FRIESS and WILLIAM N. and DELORES L. PURSLEY, Appellants, v. KEY SECURITIES, INC., Appellee.

Supreme Court of Kansas.

Opinion filed April 6, 1974.

Attorney(s) appearing for the Case

Everett C. Fettis, of Fettis & Arabia, of Wichita, argued the cause, and Gerald E. Wells, of the same firm, was with him on the brief for the appellants.

Marol E. Goering, of Wichita, argued the cause, and was on the brief for the appellee.

The opinion of the court was delivered by

SCHROEDER, J.:

This is an action by Key Securities, Inc. (plaintiff-appellee) against Edward L. and Lillian C. Clithero, Floyd Z. and Mary E. Kelley, Werner F. and Rosalie G. Friess and William N. and Delores L. Pursley (defendants-appellants) for the default of Mid-Continent Securities, Inc., on a $13,500.00 promissory note. The action is predicated upon subordination agreements whereby the defendants pledged various...

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