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PEOPLES HERITAGE BANK v. CITY OF SACO

566 A.2d 745 (1989)

PEOPLES HERITAGE BANK v. CITY OF SACO.

Supreme Judicial Court of Maine.

Decided November 29, 1989.

Attorney(s) appearing for the Case

Robert E. Hirshon (orally), Jerrol A. Crouter, Drummond, Woodsum, Plimpton & MacMahon, Portland, for plaintiff.

Erland B. Hardy (orally), James F. Molleur, Woodman & Edmands, Biddeford, for defendant.

Before ROBERTS, WATHEN, GLASSMAN and COLLINS, JJ.

GLASSMAN, Justice.

Peoples Heritage Bank ("Bank") appeals the Superior Court's order (Cumberland County, Alexander, J.) granting a summary judgment to the City of Saco ("City") and denying the Bank's motion for reconsideration and to alter or amend the judgment. At issue is whether the Bank may recover from the City under an agreement making the city a guarantor for a $180,000 loan to U.S. Peat and its president, Raymond Contarino, neither of whom join in this...

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