Legal Opinion
First National Bank of Colorado Springs v. Morris
Colorado Court of Appeals
Decided December 26, 1985No. 84CA0014PublishedCited by 1 opinion
1Opinion of the Court
BERMAN, Judge.
Plaintiff, The First National Bank of Colorado Springs (bank), trustee for the M. Frances Bennett Trust, appeals the judgment in favor of defendants, Adeline and *1193Louis Morris (Morris), GLM Properties, William C. Kitch, and Vincent Napoli, holding that a promissory note in the amount of $20,000 by Morris owed to Bennett was cancelled and forgiven. We disagree and therefore reverse.
On February 5, 1970, Morris executed and delivered a note in the amount of $20,-000 to Bennett. The note provided for quarterly interest payments only on the unpaid balance, and the principal due on…
2Cases cited4 opinions
- Brayman v. National State Bank of BoulderSupreme Court of Colorado · 1973
- Cliff v. CliffColorado Court of Appeals · 1912
- Patterson v. PitoniakSupreme Court of Colorado · 1971
- National State Bank of Boulder, Colo. v. BraymanColorado Court of Appeals · 1972
3Cited by1 opinion
- In Re Bob R. Lynde, Cheri L. Lynde, & Lzp, Inc., in Re Margaret Rienks and the Estate of George Rienks, Jr., Oscar R. Lee, & James Michael ZacharyCourt of Appeals for the Tenth Circuit · 1991