Iseman v. Hobbs

Bell, Judge:

David R. Hobbs instituted this action to recover on a twenty thousand dollar promissory note signed by M. Daniel Iseman. Iseman unsuccessfully attempted to introduce evidence the note was unsupported by consideration. The circuit judge directed a verdict in Hobb’s favor for $25,699.00, including the amount of the note, interest, and attorney’s fees. Iseman appeals. We reverse and remand.

Iseman signed a promissory note dated February 8, 1984, in which he promised to pay Hobbs twenty thousand dollars and ten percent interest from the date of execution. The first sentence of the note…