Commerce Trust Company v. Ronald Howard Book Reviews
Commerce Trust Company v. Ronald Howard by Supreme Court of Missouri Book Summary
The parties will be referred to as appellants and respondent. The respondent is a banking corporation organized and existing
under the laws of Missouri and authorized to do business in the State of Kansas. The appellants are residents of Pulaski County,
Missouri. The Overland Park Motor Center Company, Inc., is engaged in the business of buying, selling, financing and leasing
automobiles in Overland Park, Kansas. Mr. W. A. Morgan was the principal stockholder and manager of the Overland Park Motor Center Company, Inc. He and appellant
Howard had known each other all their lives. Mr. Howard was in the neon sign business in Greene County, Missouri, and adjoining
counties. The parties had not seen each other for several years and in 1963 or 1964, Mr. Morgan stopped to see Mr. Howard
while on his way to Kansas City to enter the automobile business. Later Mr. Morgan contacted Mr. Howard and he and Mr. Howard
went to respondent's bank and discussed with Mr. Osterman of the Installment Loan Department the question of the appellants'
signing a guaranty agreement for Mr. Morgan. Negotiations resulted in Mr. Kelly, the then manager of Installment Loan Department
of respondent, extending a line of credit to the company. Respondent was to make (1) floor plan financing of inventory, (2)
demonstrator car loans and (3) loans on leased vehicles.
Book Name | Commerce Trust Company v. Ronald Howard |
Genre | Law |
Author | Supreme Court of Missouri |
Published | 08 July 1968, Monday |
Language | English |
E-Book Size | 66.98 KB |
Commerce Trust Company v. Ronald Howard (Supreme Court of Missouri) Book Reviews 2024
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Summary of Commerce Trust Company v. Ronald Howard by Supreme Court of Missouri
The Commerce Trust Company v. Ronald Howard book written by Supreme Court of Missouri was published on 08 July 1968, Monday in the Law category. A total of 60 readers of the book gave the book 0 points out of 5.
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