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McCOY v. AMERICAN FIDELITY BANK & TRUST CO.

715 S.W.2d 228 (1986)

Japee McCOY, Jerry McCoy and John Stanley, Movants, v. AMERICAN FIDELITY BANK & TRUST CO., Respondent.

Supreme Court of Kentucky.

Rehearing Denied September 25, 1986.

Attorney(s) appearing for the Case

Thomas J. Roberts, Middlesboro, for movants.

Allen C. Trimble, Corbin, for respondent.

LEIBSON, Justice.

Japee McCoy, Jerry McCoy and John Stanley were partners in a business they called the JMSCO Corporation, located in Phelps, Kentucky. They entered into an "Equipment Lease Agreement" with American Fidelity Bank and Trust Co. to lease two pieces of heavy equipment. The JMSCO Corporation, and each of the three movants, individually were designated as "Lessees," "individually and jointly" liable.

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