Venable v. Payne

Evans, Judge.

Maxine’s, Inc., a corporation engaged in the interior design business, was sold by its shareholders to another. Considerable sums had been borrowed by the corporation from Granville Payne. Maxine Venable and Warren Venable, two of the officers of the corporation, ostensibly executed a note to Payne which was a part of the transfer of the corporation.

Granville Payne thereafter sued Maxine and Warren Venable on a note in the principal sum of $8,500. The defendants answered and admitted executing a document relating to the transfer of the corporation but denied executing the…