Burchett v. Stephens

OPINION

TODD, Presiding Judge.

The defendants, Barbara Stephens and Frank’s Dry Goods, Inc., have appealed from a non-jury judgment against them and in favor of Mildred Ellis Burchett, executor of the estate of James A. Burchett, deceased, for principal and interest of $32,-700 due upon a debt.

Defendant, Barbara Stephens, is the sole stockholder and controlling officer of Frank’s Dry Goods, Inc. In November, 1986, deceased offered to loan $30,000 to defendant Stephens. She accepted on condition that she sign a note and pay interest. On November 14, 1986, deceased obtained from his bank a…