Federal Deposit Insurance Corp., in Its Corporate Capacity v. Cardinal Oil Well Servicing Co., Inc., Jim Cardinal, Don H. Wilson and Paul Condit

POLITZ, Circuit Judge:

The district court granted summary judgment in favor of the Federal Deposit Insurance Corporation (FDIC) against Cardinal Oil Well Servicing Company, Inc., based on a promissory note executed by the company. The court also granted the FDIC summary judgment against Jim Cardinal, Don H. Wilson, and Paul Condit, as guarantors of the note. Finding no genuine issue of material fact, and concluding that the FDIC is entitled to judgment as a matter of law, 1 we affirm.

Background

The material facts are neither involved nor disputed. In November 1981, Cardinal Oil had need of…