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GARDNER v. MERCANTILE BANK OF MEMPHIS

No. 53323.

764 S.W.2d 166 (1989)

Van Willis GARDNER, Respondent, v. MERCANTILE BANK OF MEMPHIS, Appellant.

Missouri Court of Appeals, Eastern District, Division Five.

January 31, 1989.

Attorney(s) appearing for the Case

Thomas R. Jayne, Nicholas J. Lamb, St. Louis, Gary Dial, Memphis, for appellant.

Charles R. Willis, St. Louis, for respondent.

CARL R. GAERTNER, Judge.

This action originated in November 1983 with the filing of a Petition by Van Willis Gardner alleging he was fraudulently induced to execute certain security agreements by officers of The Mercantile Bank of Memphis, who falsely told him he would not be required to pay a six-month promissory note for five years, or as long as he needed, if he furnished the bank with additional collateral. Mercantile Bank filed a counterclaim seeking to recover...

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