Western Community Bank v. Grice

Earnest L. Grice, Hattie A. Grice and Earnest L. Grice & Sons, Inc., appeal from an order of the Superior Court granting a motion under CR 60(a). The court ruled that "no satisfaction of the judgment previously entered in this matter" had occurred and reinstated the Grices' original indebtedness. We reverse.

During the period from June 1985 through June 1986, Earnest and Hattie Grice executed three promissory notes in favor of Western Community Bank. One of these promissory notes was secured by a certificate of deposit in the name of Earnest L. Grice & Sons, Inc. (Grice, Inc.).

When the Grices…