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VOGEL v. SIMMONS FIRST NAT. BK. OF PINE BLUFF

No. CA 84-344.

689 S.W.2d 576 (1985)

15 Ark.App. 69

Elmer A. VOGEL, Appellant, v. SIMMONS FIRST NATIONAL BANK OF PINE BLUFF, Appellee.

Court of Appeals of Arkansas, Division I.

May 22, 1985.

Attorney(s) appearing for the Case

Jones & Petty, Pine Bluff, for appellant.

Ramsay, Cox, Lile, Bridgforth, Gilbert, Harrleson & Starling, Pine Bluff, for appellee.

CRACRAFT, Chief Judge.

Elmer Vogel appeals from a $212,272 judgment entered against him as guarantor of a line of credit extended to River Valley Enterprises, Inc. by Simmons First National Bank of Pine Bluff. A recitation of the factual background is necessary to bring the narrow issues presented by this appeal into focus.

In 1981 the appellant and Troy McNeill organized a corporation to be known as River Valley Enterprises, Inc. for the purpose of selling...

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