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GENERAL ELEC. CREDIT CORP. v. RICHMAN

Civ. No. 10432.

338 N.W.2d 814 (1983)

GENERAL ELECTRIC CREDIT CORPORATION, Plaintiff and Appellee, v. Merwyn E. RICHMAN and Elizabeth G. Richman, Defendants and Appellants.

Supreme Court of North Dakota.

October 3, 1983.

Attorney(s) appearing for the Case

Vogel, Brantner, Kelly, Knutson, Weir & Bye, Fargo, for plaintiff and appellee; argued by Carlton J. Hunke, Fargo.

Wegner, Fraase, Nordeng & Johnson, Fargo, for defendants and appellants; argued by Mervin D. Nordeng, Fargo.

PEDERSON, Justice.

Asserting that they were improperly denied a jury trial, the Richmans appeal from a judgment entered in favor of General Electric Credit Corporation. We affirm in part, reverse in part and remand for further proceedings.

In May 1979, the Richmans made a promissory note to General Electric in the amount of $112,900.00, with a floating interest rate of 1.5% over the greater of the prime rate or the prime commercial paper rate. Payment was...

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