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eBook details

• Title: Ronald R. Reese and Deborah H. Reese v.
• Author : En Banc Supreme Court of Missouri
• Release Date : January 15, 1987
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 64 KB

Description

WARREN D. WELLIVER, Judge Appellant, First Missouri Bank and Trust Company of Creve Coeur, appeals a judgment in the Circuit
Court of St. Louis County in favor of the respondents, Ronald Reese and Deborah H. Reese, for attempted wrongful foreclosure.
At the close of all the evidence, the trial court granted respondents' motion for a directed verdict on liability and submitted
the issue of damages to the jury. The trial court entered judgment pursuant to the jury's verdict awarding respondents $150,000
in actual damages and $100,000 in punitive damages. The Court of Appeals, Eastern District, affirmed the circuit court. We
transferred the case by authority of Mo. Const. art. V, § 10. We reverse. On March 6, 1981, respondents Ronald R. Reese and Deborah H. Reese obtained a loan from appellant to finance their purchase
of a new home. Respondents executed a promissory note in the amount of $92,300.00 within interest at 13 %. The payment schedule
in the promissory note required that principal and interest be paid:

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