Phillips v. Missouri TLC, LLC

This consolidated appeal requires us to interpret the terms of a loan agreement between Plaintiff John Walter Phillips (“Lender”) and Defendant Missouri TLC, LLC (“Borrower”). Defendants Doyle and Dennis Frost are members of Borrower. At the time of the loan, Dennis was married to Defendant Sandy Frost, and Doyle was married to Defendant Brenda Frost.1 The parties’ dispute was tried to the court without a jury, and both sides now appeal the resulting judgment.

Lender alleges the trial court erred in finding that: (1) Brenda and Sandy did not personally guarantee the loan; (2) a 5% premium on…