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MANSON STATE BANK v. TRIPP

No. 2-57423.

248 N.W.2d 105 (1976)

MANSON STATE BANK, Appellee, v. R. C. TRIPP and Bonnie Tripp, Appellants.

Supreme Court of Iowa.

December 15, 1976.

Attorney(s) appearing for the Case

John H. Mitchell, of Mitchell, Murray, Blackburn & Coleman, P. C., Fort Dodge, for appellants.

John H. Neiman and Thomas M. Zurek, of Neiman, Neiman, Stone & Spellman, Des Moines, for appellee.

Heard by MOORE, C. J., and RAWLINGS, LeGRAND, REYNOLDSON and HARRIS, JJ.

REYNOLDSON, Justice.

Plaintiff Manson State Bank commenced this law action to recover on an $8000 renewal note dated January 16, 1971. The makers, defendants Dr. Richard C. Tripp and his wife Bonnie Tripp, defended (and counterclaimed for $2375 principal and interest paid on the initial December 31, 1969 note for $10,000) alleging a bank employee committed fraud in the inducement of the instrument. Trial court, acting as fact finder, held defendants failed to prove...

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