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LEDBETTER v. BROWN CITY SAVINGS BANK

Docket No. 76013.

141 Mich. App. 692 (1985)

LEDBETTER v. BROWN CITY SAVINGS BANK

Michigan Court of Appeals.

Decided April 1, 1985.

Attorney(s) appearing for the Case

John M. Peters, for plaintiff.

Morrice, Lengemann & Rickard, P.C. (by John L. Lengemann and Marilyn J. Greener), for defendants and cross-appellants.

Before: DANHOF, C.J., and T.M. BURNS and BEASLEY, JJ.

PER CURIAM.

Plaintiff Susan Ledbetter appeals as of right the trial court's judgment which reduced an initial jury verdict awarded in her favor. Defendants cross-appeal from the judgment entered against them.

In 1978, plaintiff Susan Ledbetter borrowed $7,200 to start a dress shop. This loan was renewed five times, with a new promissory note being drawn each time. Each note was secured by inventory and fixtures on hand or after-acquired, but not by any real...

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