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FIRST NATL. BANK & TRUST CO. v. JACOBSEN

Civ. No. 880083.

431 N.W.2d 284 (1988)

FIRST NATIONAL BANK & TRUST COMPANY OF WILLISTON, Plaintiff and Appellee, v. Ruvold JACOBSEN and Phyllis Jacobsen, Defendants and Appellants, and Mark Clark and Jane Clark, Defendants.

Supreme Court of North Dakota.

November 8, 1988.

Attorney(s) appearing for the Case

McIntee & Whisenand, P.C., Williston, for plaintiff and appellee; argued by Kathleen Key-Imes.

McGee, Hankla, Backes & Wheeler, Ltd., Minot, for defendants and appellants; argued by Russel G. Robinson.

LEVINE, Justice.

Ruvold and Phyllis Jacobsen appeal from a district court summary judgment adjudging them jointly and severally liable to First National Bank & Trust Company of Williston (the Bank) for $599,350.95 plus interest, costs and disbursements. We affirm.

Ruvold was a stockholder and director of two corporations that borrowed money from the Bank over a period of several years. Ruvold signed the notes for the corporations, and he also borrowed...

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