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SUNBANK OF S.D. v. PRECISION SP. PROD.

No. 16049.

429 N.W.2d 73 (1988)

SUNBANK OF SOUTH DAKOTA, Plaintiff and Appellee, v. PRECISION SPECIALTY PRODUCTS, INC., Precision Specialty Products, Division of Weinberg Investments, Inc., Merle Debuhr, Shirley Debuhr, Lewis F. Weinberg, Bonnie J. Weinberg, and Weinberg Investments, Inc., Defendants, and John Murphy, Alice Murphy, Clifford Cracauer, Harriet Cracauer, Defendants and Appellants.

Supreme Court of South Dakota.

Decided September 14, 1988.

Attorney(s) appearing for the Case

John J. Ulrich, Asst. U.S. Atty., Sioux Falls, for plaintiff and appellee SunBank.

Lee M. McCahren, Vermillion, for defendants and appellants Murphys.

Wayne Groe, Elk Point, for defendants and appellants Cracauers.

PER CURIAM.

ACTION

John and Alice Murphy (Murphys) and Clifford and Harriet Cracauer (Cracauers) appeal a judgment binding them to their personal guarantees given to SunBank, and from the denial of their motions for judgment notwithstanding the verdict and/or for a new trial. We affirm.

FACTS

In 1977 and 1978 SunBank made loans of $150,000 and $50,000 to Precision Specialty Products, Inc. (Precision), a South Dakota corporation. Murphys...

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