LINDBERG v. GEBO

No. C9-85-1408.

381 N.W.2d 905 (1986)

Noble L. LINDBERG, et al., Appellants, v. David R. GEBO, et al., Respondents.

Court of Appeals of Minnesota.

February 25, 1986.


Attorney(s) appearing for the Case

Craig S. Hunter, Dessert, Smith & Hunter, Park Rapids, for appellants.

Mark O. Anderson, Wagner, Johnston & Falconer, Minneapolis, for respondents.

Heard, considered, and decided by SEDGWICK, P.J., and RANDALL and CRIPPEN, JJ.


OPINION

RANDALL, Judge.

Appellant executed a promissory note in favor of respondent for appellant's down payment on Super Save Drugs, Inc., a business to be purchased jointly by the parties. Appellant pledged land located in Hubbard County, Minnesota, as collateral on the note. When the note came due, appellant defaulted and respondent served notice of foreclosure on the collateral. Appellant served respondent with a complaint alleging fraud and wrongful...

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