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DIVERSIFIED FINANCIAL PLANNERS v. MADERAK

No. 65568.

811 P.2d 1237 (1991)

248 Kan. 946

DIVERSIFIED FINANCIAL PLANNERS, INC., Appellee, v. Joseph A. MADERAK, Appellant.

Supreme Court of Kansas.

May 24, 1991.

Attorney(s) appearing for the Case

Blaise R. Plummer of Carson & Fields, Overland Park, argued the cause and was on the brief, for appellant.

Cynthia C. Dunham of Martin, Leigh & Laws, Kansas City, Mo., argued the cause, and Lynn E. Ebel, of the same firm, was with her on the brief, for appellee.

ABBOTT, Judge:

This is an action on an unsecured promissory note.

The appellant, Joseph A. Maderak, executed a promissory note in favor of Indian Springs State Bank of Kansas City, Kansas, (the Bank) on October 19, 1983. The Bank became insolvent and was taken over by the FDIC. Eventually, the FDIC discounted the note and sold it to the appellee, Diversified Financial Planners, Inc. (Diversified).

Diversified filed suit on the note on January 10, 1990...

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