OPINION
KLAPHAKE, Judge.
The FDIC contends, and the trial court held, that Duane Sather is estopped from claiming the defenses of failure of consideration and fraud against three notes fraudulently drawn by a bank officer against Sather's line of credit. The trial court applied the D'Oench, Duhme doctrine, finding Sather executed a secret agreement with the bank which lent himself to a scheme likely to mislead banking authorities. We reverse.
...Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.