Legal Opinion
SunBank of South Dakota v. Precision Specialty Products, Inc.
South Dakota Supreme Court
Decided September 14, 1988No. 16049PublishedCited by 5 opinions
1Per curiam
ACTION
John and Alice Murphy (Murphys) and Clifford and Harriet Cracauer (Cracauers) appeal a judgment binding them to their personal guarantees given to SunBank, and from the denial of their motions for judgment notwithstanding the verdict and/or for a new trial. We affirm.
FACTS
In 1977 and 1978 SunBank made loans of $150,000 and $50,000 to Precision Specialty Products, Inc. (Precision), a South Dakota corporation. Murphys personally guaranteed both notes while Cracauers personally guaranteed only the $50,000 note. The language of the “Continuing Guaranty” forms signed by both Murphys and…
2Cases cited3 opinions
- United States v. Raymond A. Porter, Virginia R. Porter and Clifford B. SmithCourt of Appeals for the Eighth Circuit · 1978
- United States v. Newton Livestock Auction Market, Inc.Court of Appeals for the Tenth Circuit · 1964
- First National Bank of Beresford v. NelsonSouth Dakota Supreme Court · 1982
3Cited by5 opinions
- Lane v. Travelers Indemnity Co.South Dakota Supreme Court · 1997
- First Dakota National Bank v. MaxonSouth Dakota Supreme Court · 1995
- First Dakota National Bank v. MaxonSouth Dakota Supreme Court · 1995
- Pszanka v. Sutton Living TrustDistrict Court, D. South Dakota · 2017
- Sunbank of SD v. PRECISION SP. PROD.South Dakota Supreme Court · 1988