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STATE v. McKINNON

No. 6510.

667 P.2d 1239 (1983)

STATE of Alaska, Appellant, v. Arthur B. McKINNON and Marilyn McKinnon, Appellees.

Supreme Court of Alaska.

August 5, 1983.

Attorney(s) appearing for the Case

Leslie J. Ludtke and Peter B. Froehlich, Asst. Attys. Gen., and Wilson L. Condon, Atty. Gen., Juneau, for appellant.

Douglas L. Gregg, Juneau, for appellees.

Before BURKE, C.J., and RABINOWITZ, MATTHEWS and COMPTON, JJ.

OPINION

MATTHEWS, Justice.

In this case, the State appeals the superior court's dismissal of its suit to collect the unpaid balance of a veteran's business loan from Arthur B. McKinnon, one of the initial co-obligors. The superior court held that McKinnon had become a surety on the note by virtue of a partnership termination agreement and was subsequently released from his obligation because an agreement entered into by the State and his former co-partner...

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