MERCHANTS NAT. BANK OF FORT SMITH v. BLASS

No. 83-298.

669 S.W.2d 195 (1984)

282 Ark. 497

MERCHANTS NATIONAL BANK OF FORT SMITH, Appellant, v. Gus BLASS, III, Appellee.

Supreme Court of Arkansas.

May 21, 1984.


Attorney(s) appearing for the Case

Boswell & Smith by David E. Smith, Bryant, for appellant.

Friday, Eldredge & Clark by George Pike, Jr., Little Rock, for appellee.


THAXTON, Judge.

This case involves a note which was executed by Kaleo, Inc., a corporation, to Appellant, Merchants National Bank of Fort Smith. Appellee Blass, a director, stockholder and President of Kaleo, Inc., signed the note for the corporation in 1978 on its face and also personally signed the note on the reverse side. The note was for $102,000.00, dated October 16, 1978, and payable in one year with interest at 10% per annum. This note contained a provision...

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