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HYMAN v. PEOPLES BANK & TRUST CO.

No. 86-638.

415 N.W.2d 638 (1987)

Beverly Gruenberg HYMAN, Appellant, v. PEOPLES BANK & TRUST COMPANY, Appellee.

Supreme Court of Iowa.

November 25, 1987.

Attorney(s) appearing for the Case

Alfred A. Beardmore, Charles City, for appellant.

Ralph V. Harman and D.G. Ribble of Lynch, Dallas, Smith & Harman, Cedar Rapids, and Stephen C. Nelson of Moyer & Bergman, Cedar Rapids, for appellee.

Considered by HARRIS, P.J., and LARSON, SCHULTZ, LAVORATO, and NEUMAN, JJ.

LARSON, Justice.

Peoples Bank & Trust Co., executor of the estate of Robert Gruenberg, borrowed money from Gruenberg's widow to finance a continuing operation of Gruenberg's farming operations. The farming operations deteriorated, and the estate defaulted on the notes. Gruenberg's widow, now Beverly Hyman, sued the bank in its individual capacity, claiming it had no authority to bind the estate on the notes because the amount they represented (approximately $150...

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