Bankers Credit Service of Vermont, Inc. v. Dorsch

Bankers Credit Service of Vermont, Inc. (Bankers Credit), brought this action against James A. Dorsch on a note executed by Dorsch in favor of Bankers Credit. In a bench trial, the trial court found that Dorsch’s note created only a “conditional promise to pay,” that the parties intended to “limit [Dorsch’s] liability[,] . . . and that [Bankers Credit] would look to the land only for payment.” The dispositive issue on appeal is whether the evidence is sufficient to support the trial court’s findings.

In 1971, Dorsch borrowed $7,225 from Bankers Credit to purchase an interest in certain…