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FIRST INTERSTATE BANK v. NELCO ENTERS.

No. 10440-1-III.

64 Wn. App. 158 (1992)

822 P.2d 1260

FIRST INTERSTATE BANK OF WASHINGTON, N.A., ET AL, Plaintiffs, v. NELCO ENTERPRISES, INC., ET AL, Respondents, WESTERN FRONTIERS, INC., ET AL, Appellants.

The Court of Appeals of Washington, Division Three.

February 4, 1992.

Attorney(s) appearing for the Case

Richard D. McWilliams and Paine, Hamblen, Coffin, Brooke & Miller; Diane M. Hermanson, Leslie R. Weatherhead, and Witherspoon, Kelley, Davenport & Toole, P.S., for appellants.

Mike R. Johnston and Johnston & Roach, P.S., for respondents.

THOMPSON, J.

Western Frontiers, Inc.,1 and Magnuson Limited Partnership (collectively Joint Venture) appeal a judgment ordering them to indemnify and hold harmless certain individuals and BNS Associates (collectively Nelson Group) from liability on two promissory notes. We reverse.

In 1973, Nelson & Gale, Inc., obtained a loan for constructing a Holiday Inn in Richland. Nelco Enterprises, Inc., was spun off for purposes of...

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