Pitts v. Henley

This is an appeal from the trial court's denial of appellant's 60 (b) motion for relief from summary judgment in favor of the appellees.

The evidence shows that on October 29, 1976 Pro-Way Sporting Goods (Pro-Way), an unregistered trade style of Stabler-Pitts Associates, Ltd., executed a $34,000 promissory note to the Central Bank of Montgomery, Alabama (Central Bank). The note was signed on behalf of the partnership by Joseph S. Knight and Henry Pitts. The purpose of the loan was to purchase the assets of Henley Craft Sporting Goods, Inc. (Henley Craft). The $34,000 represented Pro-Way's…