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F.D.I.C. v. JAHNER

Civ. No. 920285.

506 N.W.2d 57 (1993)

FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver for First State Bank of Regent, North Dakota, Plaintiff and Appellee, v. Frank JAHNER, Defendant and Appellant, and Francis Jahner and Teresa Jahner, Defendants.

Supreme Court of North Dakota.

September 8, 1993.

Attorney(s) appearing for the Case

Pearce & Durick, Bismarck, for plaintiff and appellee; argued by Lawrence A. Dopson.

Howe, Hardy, Galloway & Maus, PC, Dickinson, for defendant and appellant; argued by Michael J. Maus.

MESCHKE, Justice.

Frank Jahner appeals from a judgment for Federal Deposit Insurance Corporation (FDIC), as Receiver for First State Bank of Regent, North Dakota, enforcing his guaranty of a debt. We affirm.

Frank Jahner's son, Francis Jahner, purchased a lumber business, Regent Lumber, in 1976. Francis borrowed operating funds from the First State Bank of Regent (the Bank). The loan was secured by an $80,500 loan guaranty executed by Frank Jahner. Francis...

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