Burrus v. Farmers Bank of Nicholasville

OPINION

KNOPF, Judge:

Harold and Janice Burrus appeal a summary judgment entered in favor of Farmers Bank of Nieholasville, Kentucky. The summary judgment held that the Burrus Group, Inc. (BGI), a Kentucky corporation, and the Burruses, who are the sole shareholders and directors of BGI, were jointly and severally liable for a $90,000.00 loan made with the Bank. The sole issue on appeal is whether a question of fact exists regarding whether the Burruses and the Bank had an understanding that the Burruses would not be personally liable for the BGI debt. We reverse the trial court as we hold that…