Glover v. NAT. BANK OF COMMERCE OF PINE BLUFF

George Rose Smith, Justice.

On October 17, 1972, the appellant Glover and his partner Ferguson, who were in the meat-packing business, borrowed $20,000 from the appellee bank and gave a 90-day note for the debt. The partnership was not doing well. Two or three days before the note was due Glover informed an officer of the bank that Ferguson was buying Glover’s interest in the partnership (for $25,000 cash), that Ferguson was assuming all liabilities, and that Glover did not want the note extended and would not sign a renewal note. Some five months later Ferguson went bankrupt, his estate in…