Beverly v. Kent (Per Curiam Opinion)Annotate this Case
Defendant and Plaintiffs were co-guarantors of a promissory note signed to obtain a bank loan to pay the debts of the parties' failed corporation. Plaintiffs paid the note from their personal funds. Plaintiffs then filed an action against Defendant seeking contribution for the amounts paid from their personal funds. The circuit court determined Defendant was liable to Plaintiffs for one half the amount they paid from their personal funds and entered a judgment order against Defendant in the amount of $24,081. Defendant subsequently filed a motion for a new trial or, in the alternative, to amend the judgment. The circuit court denied the motion. The Supreme Court affirmed, holding that the circuit court properly determined that Defendant should pay Plaintiffs $24,081.