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CRAMER v. WADE

No. S-8140.

985 P.2d 467 (1999)

Robert J. CRAMER, Appellant, v. Rick WADE, individually and d/b/a R & R Diving, Appellee.

Supreme Court of Alaska.

August 13, 1999.

Attorney(s) appearing for the Case

Jeffrey P. Stark, Delaney, Wiles, Hayes, Gerety, Ellis & Young, Inc., Anchorage, for Appellant.

John C. Wendlandt, Walker Walker Wendlandt & Osowski, LLC, Anchorage, for Appellee.

Before MATTHEWS, Chief Justice, FABE, and BRYNER, Justices.

OPINION

BRYNER, Justice.

I. INTRODUCTION

Alaska resident Rick Wade loaned money to TSO and Kokua, Inc., two companies embarking on a business venture in California. He acted in part based on information that he had received from Kokua president Robert J. Cramer, a California resident. In return for Wade's loan, Cramer signed a note on behalf of Kokua promising repayment within ninety days. But when the note went unpaid, Wade filed...

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