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PEOPLES STATE BANK OF PLAINVIEW v. MUIR

No. C5-85-2359.

386 N.W.2d 321 (1986)

PEOPLES STATE BANK OF PLAINVIEW, Minnesota, Appellant, v. Ross MUIR, Defendant and Third Party Plaintiff, Respondent, Alan Marshman, a/k/a Al Marshman, Third Party-Defendant.

Court of Appeals of Minnesota.

Review Denied June 30, 1986.

Attorney(s) appearing for the Case

David A. Shulman, Rochester, for appellant.

Robert B. Spelhaug, Rochester, for respondent.

Heard, considered and decided by PARKER, P.J., and LANSING and CRIPPEN, JJ.

OPINION

CRIPPEN, Judge.

Respondent Ross Muir was a guarantor on the original note given for a line of credit extended by appellant Peoples State Bank to Alan Marshman. Appellant bank extended further credit to Marshman pursuant to the line of credit agreement between Marshman and the bank. When Marshman was unable to pay the debt incurred, the bank sought to collect from Muir. The trial court found that respondent was not liable for the unpaid debt. The...

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