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SUNWEST BANK OF FARMINGTON v. KENNEDY

No. 18124.

785 P.2d 740 (1990)

109 N.M. 400

SUNWEST BANK OF FARMINGTON, a New Mexico banking corporation, Plaintiff-Appellee, v. Don KENNEDY, Sharon Kennedy, Edith Kennedy, and Estate of Troy Kennedy, Deceased, and/or the Heirs-at-Law of Troy Kennedy, Defendants-Appellants.

Supreme Court of New Mexico.

January 12, 1990.

Attorney(s) appearing for the Case

F.D. Moeller, Farmington, for defendants-appellants.

Tansey, Rosebrough, Gerding & Strother, James B. Payne, Farmington, for plaintiff-appellee.

OPINION

BACA, Justice.

Defendants Kennedys appeal the district court of San Juan County's grant of summary judgment to plaintiff Sunwest Bank of Farmington (Sunwest). The other defendants to the action have not contested the judgment. We affirm.

FACTS

In September 1982, the Kennedys borrowed $165,000 from Valley Bank, the predecessor of Sunwest, for the use of Kennedy, Inc., a corporation owned by the Kennedys, with its principal asset...

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