Knight Communications, Inc. v. Boatmen's National Bank of St. Louis
Missouri Court of Appeals
1Opinion of the Court
CARL R. GAERTNER, Judge.
Boatmen’s National Bank of St. Louis (bank) appeals from a judgment in a jury trial in favor of Larry Brown and Edna Brown, statutory trustees of a defunct corporation, Knight Communications, Inc., for breach of contract. We reverse.
In late 1985 or early 1986, two couples, the Browns and the Knights, formed a cable television construction business known as Knight Communications, Inc., with the four principals as directors. The Browns provided about $50,000 of capital and the Knights operated the company. According to the signature card agreement for the corporate…
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