Northern Bank v. Dowd

The plaintiff-appellee, Northern Bank, seeks to recover under an agreement by which the defendant-appellant, Duane J. Dowd, and the defendant-appellee, Ray L. Gustafson, under took to guarantee “payment of any principal and interest due and payable on the [collateral] promissory note” which is the subject of Northern Bank v. Pefferoni Pizza Co., ante p. 321, 562 N.W.2d 374 (1997), hereafter referred to as Northern I. The district court granted Northern’s motion for summary judgment as against both Dowd and Gustafson. Dowd alone thereafter appealed to the Nebraska Court of Appeals, asserting,…