FDIC v. GARBUTT

Docket No. 76930.

142 Mich. App. 462 (1985)

370 N.W.2d 387

FEDERAL DEPOSIT INSURANCE CORPORATION v. GARBUTT

Michigan Court of Appeals.

Decided May 6, 1985.


Attorney(s) appearing for the Case

Freeman, McKenzie, Matthews, Scherer & Stepek, P.C. (by Larry E. Powe), for plaintiff.

David L. Kull, for defendant on appeal.

Before: ALLEN, P.J., and GRIBBS and T. GILLESPIE, JJ.


ALLEN, P.J.

This is an action on a promissory note made by defendant Robert Garbutt and payable to Tri-City Bank of Warren, Michigan, plaintiff FDIC's predecessor in interest. Following a bench trial in Livingston Circuit Court, a judgment in plaintiff's favor for $11,300 plus 12% statutory interest was entered. Defendant's motion for a new trial was denied on February 17, 1984. Defendant appeals as of right and plaintiff has filed a cross-appeal.

Defendant...

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