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ALBERSTADT v. SOVRAN BANK

No. 1552, September Term, 1986.

71 Md. App. 615 (1987)

526 A.2d 986

SAMUEL L. ALBERSTADT v. SOVRAN BANK/MARYLAND.

Court of Special Appeals of Maryland.

June 12, 1987.

Attorney(s) appearing for the Case

Alan S. Kerxton (Kerxton & Cohen, Chtd., Bethesda, on the brief; Samuel L. Alberstadt and Niro, Scavone, Haller & Niro, Ltd., Chicago, Ill., on the brief and of counsel), for appellant.

Edward C. Dolan (Jeanne M. Crouse and Hogan & Hartson on the brief), Bethesda, for appellee.

Argued before MOYLAN, WILNER and ROBERT M. BELL, JJ.

WILNER, Judge.

There is a single issue before us in this appeal; it has to do with the statute of limitations. The underlying facts are fairly straightforward and largely uncontested.

On May 19, 1981, AMS Construction, Inc. (AMS) borrowed $60,000 from Sovran Bank1 and signed a promissory note agreeing to repay that amount, with interest, within 90 days. Along with two other officer/stockholders of AMS, appellant endorsed the note...

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