Vistar Bank v. Thompson

In 1987, Richard N. Thompson engaged the law firm of Nelson & Harding to provide corporate legal services on open account in Thompson’s establishment of a corporation, Ethanair Corporation. Thompson personally signed a contract retaining Nelson & Harding. Nelson & Harding drafted and filed Ethanair’s articles of incorporation.

In 1989, Nelson & Harding merged with the law firm of Heron, Burchette, Ruckert & Rothwell; Heron Burchette thereafter established an $8 million credit line with Vistar Bank, using its accounts receivable as collateral. In March 1989, Heron Burchette sent Thompson a…