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Legal Opinion

Colclasure v. Kansas City Life Insurance

Supreme Court of Arkansas

Decided December 22, 1986No. 85-241PublishedCited by 22 opinions

1Opinion of the Court

Robert H. Dudley, Justice.

The appellee, Kansas City Life Insurance Company, loaned $450,000.00 to appellants. The installment promissory note evidencing the debt was secured by a mortgage on appellants’ farm. When appellants defaulted on an annual installment payment, appellee accelerated the maturity date, made demand, and filed suit for foreclosure in chancery court. The appellants answered, and, in addition, filed a complaint in circuit court alleging that the appellee had indicated that a prospective buyer of the farm would be allowed to assume the debt, but then would not permit the…

2Cases cited11 opinions

  1. Beacon Theatres, Inc. v. WestoverSupreme Court of the United States · 1959
  2. Curtis v. LoetherSupreme Court of the United States · 1974
  3. Hawkins v. BleaklySupreme Court of the United States · 1917
  4. Jones v. ReedSupreme Court of Arkansas · 1979
  5. Dugan v. CuretonSupreme Court of Arkansas · 1837

6 more not listed; retrieve them via the Exa API.

3Cited by22 opinions

  1. Baptist Health v. MurphySupreme Court of Arkansas · 2010
  2. First National Bank of DeWitt v. CruthisSupreme Court of Arkansas · 2005
  3. Henry, Walden & Davis v. GoodmanSupreme Court of Arkansas · 1987
  4. National Bank of Arkansas v. River Crossing Partners, LLCSupreme Court of Arkansas · 2011
  5. Stokes v. StokesSupreme Court of Arkansas · 2016

17 more not listed; retrieve them via the Exa API.

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