Capitol Neon Signs, Inc. v. Indiana National Bank

CONOVER, Presiding Judge.

Defendants-Appellants, Capitol Neon Signs, Inc. (CNSI) et al., appeal the trial court's grant of plaintiff-appellee Indiana National Bank's (INB) motion to correct error and order for a new trial.

We affirm.

ISSUE

This appeal presents one issue, namely, whether the trial court erred in finding INB's complaint had sufficiently alleged a demand for payment.

FACTS

On May 27, 1975, Eugene Ellwood Painter, Opal C. Painter, Eugene Evan Painter, and Beverly L. Painter, executed guarantees of payment of all of CNSI's notes, bills, drafts, commercial paper, and other obligations…