Gainok v. Featherson

OPINION

HATHAWAY, Judge.

This appeal challenges the trial court’s conclusion that the signer of a promissory note was not personally liable on the note.

Plaintiffs, the Gainoks, agreed to sell their commercial property and business to defendant Glen Sumner, who made the earnest money deposit with a check drawn by defendant Lodema Sellars (aka L. Feather-ston). Before closing, Sumner assigned his interest in the transaction to Sellars. Sel-lars subsequently signed the escrow closing statement as “the buyer.” She also signed a promissory note for $60,210.16, an Arizona Uniform Commercial Code…