Midway National Bank of St. Paul v. Ray

OPINION

POPOVICH, Chief Judge.

Respondent Midway National Bank sued appellant Ray for default on a promissory note executed in November 1979. Appellant claims his obligation is cancelled because of material alterations on the note. The trial court awarded respondent judgment of $121,368.66. We affirm.

FACTS

Appellant, an attorney, and respondent maintained a banking relationship for over *64530 years. In April 1979, appellant executed a 90-day promissory note, due July 17, 1979, in the amount of $82,000 at 14 percent interest. It was renewed three times and each time a renewal note was executed. On…