HILLS BANK & TRUST CO. v. CONVERSE

No. 07-0535.

772 N.W.2d 764 (2009)

HILLS BANK & TRUST COMPANY, Hills, Iowa, David E. Moore, and John Moore, Appellees, v. Cynthia J. CONVERSE, Appellant.

Supreme Court of Iowa.

September 11, 2009.


Attorney(s) appearing for the Case

Gregg Geerdes, Iowa City, for appellant.

Matthew L. Preston of Brady & O'Shea, P.C., Cedar Rapids, for appellees David and John Moore.

H. Raymond Terpstra, II & Gregory J. Epping of Terpstra, Epping & Willett, Cedar Rapids, for appellee Hills Bank & Trust Company.


WIGGINS, Justice.

In this case, we must determine whether a bank can enforce a guaranty against a guarantor (secondary obligor). We must also decide that, if the bank can enforce a guaranty against the secondary obligor, whether the secondary obligor has a right of reimbursement against the borrower (principal obligor) and a right of contribution against a coguarantor (cosurety). All parties filed summary judgment motions...

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