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CITIZENS BANK OF UNIVERSITY CITY v. GEHL

No. 39084.

567 S.W.2d 423 (1978)

CITIZENS BANK OF UNIVERSITY CITY, Respondent, v. Fred GEHL, Appellant.

Missouri Court of Appeals, St. Louis District, Division One.

Motion for Rehearing and/or Transfer Denied June 8, 1978.

Attorney(s) appearing for the Case

Milton L. Schwartz, St. Louis, for respondent.

Leonard J. Frankel, Clayton, for appellant.

CLEMENS, Presiding Judge.

When defendant-borrower failed to appear for trial the court awarded plaintiff-bank actual and punitive damages for defendant's fraud in obtaining a loan from plaintiff. Defendant has appealed from denial of his motion to set aside.

In June of 1973 defendant, a chiropractor, applied to plaintiff for a $38,261 loan to purchase an x-ray machine. Defendant pledged the machine as collateral...

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