Guaranty National Bank v. Beaver

SUMMERS, Justice.

This case involves construction of 12A O.S. 1981 § 3-403, a provision of the Okla homa Uniform Commercial Code. Along with his corporation, defendant Beaver was sued individually on a promissory note signed:

Spring Mountain Investment, Inc. (typed)

Luther Joe Beaver (signed)

Luther Joe Beaver (typed)

Query: In the suit by a Bank who was the assignee of the note, can Beaver show by parol evidence that his signature was as an authorized representative of the corporation rather than as an individual? The trial court held that he could, and gave the bank judgment only against the…