Old Republic Insurance Co. v. Meshbesher

KELLY, Justice.

Plaintiff, Old Republic Insurance Company, appeals the judgment of the district court exonerating defendant, Joel Clein, from individual liability on an installment note assigned to plaintiff by Northwestern National Bank of Minneapolis. The district court found that defendant signed the note in his representative capacity of president of Farmington Investment Corporation and that he had authority to bind the corporation. We reverse and remand with instructions to enter judgment in plaintiff’s favor.

In June of 1974 Irwin Meshbesher applied for a home improvement loan at…