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STATE BANK OF STREETER v. NESTER

Civ. No. 10991.

385 N.W.2d 95 (1986)

STATE BANK OF STREETER, Plaintiff and Appellee, v. Duane NESTER, d.b.a. Streeter Livestock Feed and Supply, Clayton Wolff and Beverly Wolff, Defendants, Boyd H. Williams, Defendant and Appellant.

Supreme Court of North Dakota.

March 19, 1986.

Attorney(s) appearing for the Case

Gerald A. Kuhn, Napoleon, for plaintiff and appellee.

Hjellum, Weiss, Nerison, Jukkala, Wright & Paulson, Jamestown, for defendant and appellant; argued by Terence J. Paulson.

LEVINE, Justice.

Boyd H. Williams appeals from a judgment against him for the unpaid balance on a promissory note which he cosigned. We affirm in part and reverse in part.

In March 1982 Duane Nester executed three renewal promissory notes to the State Bank of Streeter for three loans of $81,250.00, $50,750.00 and $18,750.00. Nester pledged the assets of his livestock feed and supply business as collateral for the loans. The Bank deemed this collateral insufficient...

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