Transatlantic Ltd. v. Salva

RONALD R. HOLLIGER, Presiding Judge.

Transatlantic Ltd. and David Peterson (hereinafter “Creditors”) appeal the trial court’s grant of summary judgment in favor of David M. Salva (hereinafter “Sal-va”) 1 , a guarantor of certain promissory notes given to Creditors by Midwest Semi-Conductor, Inc. (Midwest). 2 As we hold that summary judgment was improvidently granted by the trial court, we reverse the judgment below.

Creditors extended loans to Midwest Semi-Conductor, Inc. (Midwest) beginning in January 1994. In March 1994, Midwest provided Creditors with six promissory notes, 3 for a total…