Farmers & Merchants National Bank of Hatton v. Lee
North Dakota Supreme Court
1Opinion of the Court
PAULSON, Justice.
This is an appeal by Richard G. Lee from a judgment granting the motion for summary judgment of the Farmers & Merchants National Bank of Hatton, North Dakota [Bank]. We affirm.
In June 1981 Lee executed and delivered a promissory note due November 1,1981, to the Bank. The note was a consolidation of previous loans made to Village Homes, Inc. which were in default. The note was for the principal amount of $85,000.00 with annual interest at seventeen percent. The note was signed by Lee personally. “Village Homes, Inc." does not appear anywhere on the note.
The Bank began an…
2Cases cited7 opinions
- Herman v. MagnusonNorth Dakota Supreme Court · 1979
- Schue v. JacobyNorth Dakota Supreme Court · 1968
- Titus v. TitusNorth Dakota Supreme Court · 1967
- First National Bank v. Red River Valley National BankNorth Dakota Supreme Court · 1900
- Pioneer Credit Co. v. MedalenNorth Dakota Supreme Court · 1982
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