Mobley v. Baker

EDWIN H. SMITH, Judge.

Michael J. Baker (Baker) and Baker Mobley Insurance, Inc. (BMI), appeal from the summary judgment of the Circuit Court of Jackson County awarding the respondent, Frank Mobley, $130,880.86 on the respondent’s suit to recover the bal- anee due on a promissory note and for attorney’s fees and costs. The note was executed by Baker for BMI, in his capacity as president, and was personally guaranteed by him in payment of the agreed purchase price of $150,000 for the purchase from the respondent of certain accounts and intangibles of respondent’s insurance agency, commonly…