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FARMERS ELEVATOR CO. v. FIRST NATIONAL BANK

No. 70-109.

488 P.2d 238 (1971)

The FARMERS ELEVATOR COMPANY OF STERLING, Colorado, et al., Plaintiffs in Error, v. FIRST NATIONAL BANK OF FLEMING, Colorado, Defendant in Error.

Colorado Court of Appeals, Division I.

August 24, 1971.

Attorney(s) appearing for the Case

Francis A. Benedetti, Wray, for plaintiffs in error.

Sandhouse & Sandhouse, Charles H. Sandhouse, Sterling, for defendant in error.

Selected for Official Publication.

DUFFORD, Judge.

The parties are before us in reverse of their trial court positions. We shall refer to Farmers Elevator Company as "Farmers"; to the other individual trial court defendants as the "guarantors"; and to the First National Bank of Fleming, Colorado, as the "Bank."

The Bank instituted this suit to recover principal and interest due on a promissory note executed by Farmers on March 8, 1966, in favor of...

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