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USA FERTILIZER v. IDAHO FIRST NAT. BANK

No. 18642.

815 P.2d 469 (1991)

120 Idaho 271

USA FERTILIZER, INC., an Idaho corporation, Plaintiff-Appellant, v. IDAHO FIRST NATIONAL BANK, a National banking organization, Defendant-Respondent.

Court of Appeals of Idaho.

July 24, 1991.

Attorney(s) appearing for the Case

Jones, Christensen, Jorgensen, Robison, Holmes & Robison, Pocatello, for plaintiff-appellant. Craig R. Jorgensen argued.

Racine, Olson, Nye, Cooper & Budge, Pocatello, for defendant-respondent. John R. Goodell argued.

WALTERS, Chief Judge.

USA Fertilizer, Inc. brought an action seeking to hold Idaho First National Bank (Idaho First) secondarily liable on the unpaid account of a bankrupt farmer. On appeal from the judgment entered in favor of Idaho First, we are asked to determine whether the district court erroneously interpreted a letter of guarantee. For the reasons explained below, we affirm.

FACTS

Early in 1987, Sterling J. Smith, a farmer in Shelley, Idaho...

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