OPINION
FOLEY, Judge.
This case is before us for the second time. The first appeal involved a third-party action by First National Bank of Pine City (the Bank) against Sheldon Nascene for reimbursement of legal fees incurred by Harry N. Ray, Ltd. in collection of defaulted loans Nascene had originally approved while he was president of the Bank.
In Harry N. Ray, Ltd. v. Nascene,
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