Missouri Court of Appeals, Western District / Jun 17, 2025
Stephan Johannesmeyer vs. Net Zero, LLC.
Stephan Johannesmeyer sued Net Zero, LLC for breach of a promissory note, alleging Net Zero failed to make payments on a $450,000 note issued as part of an asset purchase agreement. Net Zero appealed the trial court's judgment in favor of Johannesmeyer, arguing he lacked standing to sue and there was no consideration for the note. The appellate court affirmed, finding Johannesmeyer had standing as the note's holder and that Net Zero failed to overcome the statutory presumption of consideration.