Hamer v. Sullivan

DONNELLY, Judge.

In 1968, Donald L. Kerns and his wife were owners of a farm in Clinton County, Missouri. In early 1969, Kerns and his wife, through their attorney, Marshall Lyons, proposed to Frank Hamer that he purchase the farm for $125,000 by assuming certain obligations and paying $87,000 cash. Hamer proposed that the $87,000 be paid with a note owned by Hamer and his wife which was secured by a second deed of trust on a motel in Springfield, Missouri. Marshall Lyons agreed to accept the note and deliver title to the farm.

In June, 1969, the Hamers endorsed their note, in blank, and it was…