Legal Opinion
Mark Twain Bank, N.A. v. Platzelman
Missouri Court of Appeals
Decided November 24, 1987No. 52629PublishedCited by 11 opinions
1Opinion of the Court
CRIST, Judge.
Mark Twain Bank (Bank) appeals from the dismissal with prejudice of its suit against respondents (Guarantors) on the ground the suit was barred by the statute of limitations. We reverse and remand.
Bank’s predecessor in interest and Guarantors entered an agreement entitled “continuing guaranty” on February 20, 1975. By that agreement Guarantors guaranteed loans made by Bank to Somerton, Inc. (Principal Debtor). On December 28, 1979, Bank lent Principal Debtor $65,000 in the form of a variable rate demand note. If no demand was made, the note was due on June 25, 1980. Principal…
2Cases cited13 opinions
- Martin v. PotashnickSupreme Court of Missouri · 1949
- Home Insurance v. Mercantile Trust Co.Missouri Court of Appeals · 1926
- Superintendent of Insurance of the State of New York v. Livestock Market Insurance Agency, Inc.Missouri Court of Appeals · 1986
- Portnow v. BergCourt of Appeals of Texas · 1980
- South Side Realty Co. v. HamblinMissouri Court of Appeals · 1964
8 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Jo Ann Johnson v. State Mutual Life Assurance Co. Of AmericaCourt of Appeals for the Eighth Circuit · 1991
- Aerotronics, Inc. v. Pneumo Abex CorporationCourt of Appeals for the Eighth Circuit · 1995
- Hughes Development Co. v. Omega Realty Co.Supreme Court of Missouri · 1997
- Carr v. AndingMissouri Court of Appeals · 1990
- Central Cooperatives, Inc. v. Irwin (In Re Colonial Poultry Farms)United States Bankruptcy Court, W.D. Missouri · 1995
6 more not listed; retrieve them via the Exa API.