Frontier Investment Corp. v. Belleville National Savings Bank

The trial court granted a summary judgment in favor of all defendants in the plaintiff’s suit for damages arising out of the sale of sixty-three percent of the corporate stock of Frontier Life Insurance Company, which stock was owned by the plaintiff and had been pledged to the defendant bank as security for a loan in the sum of $44,500. Frontier Life Insurance Company (now Apollo National Life Insurance Company) was dismissed out of the suit by stipulation of the parties and is not a party to this appeal.

The note involved was dated June 1, 1966. On June 30, apparently as a result of…