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DAKOTA BANK & TRUST CO. OF BISMARCK v. REED

Civ. No. 11265.

402 N.W.2d 887 (1987)

DAKOTA BANK & TRUST CO. OF BISMARCK, formerly known as the Bank of Kirkwood Plaza, a North Dakota corporation, Plaintiff and Appellee, v. Kenneth REED and Monroe Chase, Defendants and Appellants, and Commander Aviation Corporation, Defendant.

Supreme Court of North Dakota.

March 26, 1987.

Attorney(s) appearing for the Case

Bair, Brown & Kautzmann, Mandan, for plaintiff and appellee; argued by Malcolm Brown.

Mackenzie, Jungroth, Mackenzie & Reisnour, Jamestown, for defendant and appellant Kenneth Reed; argued by James R. Jungroth.

John Mack, New London, Minn., and Rauleigh D. Robinson, Bismarck, for defendant and appellant Monroe Chase; argued by John E. Mack.

MESCHKE, Justice.

Kenneth Reed and Monroe Chase appeal from a district court order which denied their Rule 60(b), N.D.R.Civ.P., motions for relief from judgments holding them liable as guarantors. We affirm.

During July 1975, the Bank of Kirkwood Plaza, now known as the Dakota Bank & Trust Co. of Bismarck [Bank], extended credit to Commander Aviation Corporation [Commander], whose business was selling and leasing...

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