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NATIONAL CITY BANK v. LUNDGREN

No. C3-88-1922.

435 N.W.2d 588 (1989)

NATIONAL CITY BANK OF MINNEAPOLIS, Respondent, v. Louis R. LUNDGREN and The Lundgren Associates, Inc., Appellants.

Court of Appeals of Minnesota.

Review Denied March 29, 1989.

Attorney(s) appearing for the Case

Thomas A. Keller, III, Kevin M. Busch, O'Connor & Hannan, Minneapolis, for respondent.

Kevin W. Rouse, David Y. Trevor, Dorsey & Whitney, Minneapolis, for appellants.

John S. Jackson, Minneapolis, for amicus curiae Minn. Bankers Ass.

Heard, considered and decided by CRIPPEN, P.J., and RANDALL and STONE, JJ.

OPINION

BRUCE C. STONE, Judge.

Louis R. Lundgren appeals the trial court's order denying his motions for summary judgment. The trial court determined that Lundgren could remain personally liable on guaranties despite the fact the principal debtors may have been discharged of liability by virtue of the bank's election to foreclose by advertisement rather than by action. Without tailoring it to the facts of this case, the trial court certified as important...

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