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DAKOTA BANK & TRUST CO., FARGO v. GRINDE

Civ. No. 870169.

422 N.W.2d 813 (1988)

DAKOTA BANK & TRUST CO., FARGO, Plaintiff and Appellee, v. Jon GRINDE, Defendant and Appellant.

Supreme Court of North Dakota.

April 18, 1988.

Attorney(s) appearing for the Case

Lamb, McNair, Larson & Carlson, Ltd., Fargo, for plaintiff and appellee; argued by David J. Hauff.

Garaas Law Firm, Fargo, for defendant and appellant; argued by David A. Garaas.

GIERKE, Justice.

Jon Grinde appeals from a district court summary judgment holding him liable to the Dakota Bank and Trust Company, Fargo [Bank] for $52,005.13 plus interest as a guarantor of a corporate debt. We reverse and remand for further proceedings.

Grinde was the sole shareholder of C.J.'s, Inc. [C.J.'s]. In December 1983, C.J.'s executed a $95,000 promissory note to the Bank to renew various notes the corporation had with the Bank. That money was...

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