STENSVAD v. MINERS AND MERCHANTS BANK OF ROUNDUP

No. 12332.

517 P.2d 715 (1973)

Otto STENSVAD, Plaintiff and Respondent, v. MINERS AND MERCHANTS BANK OF ROUNDUP et al., Defendants and Appellants.

Supreme Court of Montana.

Decided December 28, 1973.


Attorney(s) appearing for the Case

Towe, Neely & Ball, Billings, Thomas E. Towe (argued) Billings, for appellants.

Sandall, Moses & Cavan, Billings, Charles F. Moses (argued) Billings, for respondent.


DALY, Justice.

Defendant The Miners and Merchants Bank of Roundup, Montana, brings this appeal from a summary judgment entered by the district court of Musselshell County which exonerated the obligation of plaintiff Otto Stensvad as guarantor on certain credit transactions.

The credit transactions involved took place between Larry D. Stensvad and corporations he controlled as borrowers; Otto Stensvad, his father, as guarantor; and the Bank as lender. The borrowed...

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