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TRADERS BANK OF KANSAS CITY v. CHEROKEE INV. CO.

No. WD 32976.

642 S.W.2d 122 (1982)

TRADERS BANK OF KANSAS CITY, Plaintiff-Respondent, v. CHEROKEE INVESTMENT CO., INC., Defendants-Appellants.

Missouri Court of Appeals, Western District.

As Modified November 9, 1982.

Attorney(s) appearing for the Case

William J. Fleischaker, Joplin, for defendants-appellants.

Stephen G. Scholl, Michael D. Strohbehn, Kansas City, for plaintiff-respondent.

Before MANFORD, P.J., and WASSERSTROM and KENNEDY, JJ.

WASSERSTROM, Judge.

Plaintiff Bank sues on a $900,000 promissory note executed by defendant Cherokee Investment Co., Inc. and guaranteed by thirteen of its shareholders who were originally also defendants in this lawsuit. A judgment by default was entered against Cherokee. It filed a motion to set aside the default judgment, and, when the motion was overruled, took this appeal. We reverse.

On January 14, 1981, the...

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