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NORTH PARK BANK OF COMMERCE v. NICHOLS

No. 17498.

645 P.2d 620 (1982)

NORTH PARK BANK OF COMMERCE, Plaintiff and Respondent, v. Donald G. NICHOLS and Joseph H. Bottum, Defendants and Appellant.

Supreme Court of Utah.

March 22, 1982.

Attorney(s) appearing for the Case

C.C. Patterson, Ogden, for Bottum.

Frank M. Wells, Ogden, for Nichols.

Walter G. Mann, Brigham City, for plaintiff and respondent.

HALL, Chief Justice:

Defendant Joseph H. Bottum appeals a judgment holding him jointly liable with defendant Donald G. Nichols for the balance due on a total of three promissory notes signed by Nichols.

Nichols borrowed $40,000 from plaintiff North Park Bank of Commerce on December 15, 1976, executing a promissory note and pledging 130,000 shares of Ametek stock as collateral. As additional security, appellant Bottum signed an agreement promising to personally...

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