Turon State Bank v. Bozarth

The opinion of the court was delivered by

Herd, J.:

This is an action on a note. The Turón State Bank appeals from a decision of the Reno County District Court which estopped it from denying receiving payment on a note. The note was made by Rex Fowler and signed by William R. Bozarth, appellee, as an accommodation party. The Court of Appeals reversed and remanded, directing Bozarth to pay the bank.

Rex Fowler, a Reno County farmer, obtained his bank financing from the Turón State Bank. Over a period of time, he had accumulated a total debt to the bank of $106,474.76. The debt was secured by all…