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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Bullock v. Ponticello, 775 S.W.2d 286 (1989)

Citation
Bullock v. Ponticello, 775 S.W.2d 286 (1989)
Parent Document
Bullock v. Ponticello, 775 S.W.2d 286 (1989)
Jurisdiction
Missouri (state)
Effective Date
1989-06-27

Full Text

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In answer and counterclaim, the counterclaim filed by Vito and the corporation, defendants asserted that in order for plaintiffs to meet the security deposit and for operating capital, plaintiffs borrowed $35,-000 from a bank with Vito as a co-signer on the note. Vito eventually paid the balance due on the note in the amount of $18,032 after termination of the lease. Vito also alleged certain late charges on the note, certain taxes and insurance charges required by the lease and unpaid by plaintiffs. Additionally, defendants Vito, and the corporation alleged that the accounts paid by plaintiffs were in lieu of an agreed purchase price for the restaurant business of $20,000. There were certain other costs those defendants alleged were incurred as a result of plaintiffs’ occupation of the premises and operation of the business. Defendants Vito and the corporation alleged that after giving plaintiffs all credits they were owed $28,716.00 by plaintiffs and sought judgment for that amount.