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AMERICAN FLETCHER NAT. BANK v. PAVILION, INC.

No. 2-580A152.

434 N.E.2d 896 (1982)

AMERICAN FLETCHER NATIONAL BANK & TRUST COMPANY, Appellant & Cross-Appellee (Plaintiff below), v. PAVILION, INC., Milton J. Okum and William L. Schwartz, Appellees & Cross-Appellants (Defendants below).

Court of Appeals of Indiana, Fourth District.

Rehearing Denied June 4, 1982.

Attorney(s) appearing for the Case

Ronald A. Lisak, Indianapolis, for appellant.

A. David Stippler, Byrum, Gagnon, Diehl & Stippler, Indianapolis, Michael A. Kiefer, Garrison & Kiefer, Indianapolis, for appellees.

MILLER, Presiding Judge.

Plaintiff-appellant American Fletcher National Bank and Trust Company (AFNB) appeals the trial court's judgment after a bench trial in favor of defendants-appellees, Milton J. Okum and William L. Schwartz, finding them not liable as guarantors for $56,057.60 due on a promissory note. Okum and Schwartz were shareholders and officers of the corporate defendant, Pavilion, Inc. (Pavilion), the maker...

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