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STENSVAD v. MINERS & MERCHANTS BANK, ETC.

No. 80-210.

640 P.2d 1303 (1982)

L.D. STENSVAD, personally and as representative of the investing shareholders of Agri-Services, et al., Plaintiffs and Respondents, v. The MINERS AND MERCHANTS BANK OF ROUNDUP, Montana, Defendant and Appellant.

Supreme Court of Montana.

Decided January 7, 1982.

Rehearing Denied February 25, 1982.

Attorney(s) appearing for the Case

Towe, Ball, Enright & Mackey, Thomas Towe, argued, Gerald Neely, argued, Billings, for defendant and appellant.

Wright, Tolliver, Guthals & Prater, Kenneth Tolliver, argued, Billings, for plaintiffs and respondents.

SHEEHY, Justice.

Appeal is by Miners and Merchants Bank from a judgment rendered against it on Stensvad's complaint in the District Court, Fourteenth Judicial District, Musselshell County. The bank had counterclaimed against Stensvad on unpaid promissory notes.

The District Court found that the bank had breached an agreement to finance Stensvad's corporations and after that breach had converted or appropriated his property, resulting in damages to Stensvad...

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