Dennis Joslin Co., LLC v. Tate

This is a debt-collection case. The plaintiff appeals from a summary judgment in favor one of the defendants in an action to recover the principal balance the plaintiff contends is owed on a commercial loan. We reverse and remand.

On September 1, 1995, AmSouth Bank sued C W Enterprises, Inc., and C. W. Naramore to collect the principal balance of $265,472.18 owed on a commercial loan of $435,000. On October 12, 1995, AmSouth amended the complaint to add William A. Tate as a defendant; he was a guarantor of the note, along with C.W. Naramore. On November 13, 1995, AmSouth, C W Enterprises, and…