American Federal Savings & Loan Ass'n v. Madison Valley Properties Inc.

¶1 This is an appeal by American Federal Savings Bank (American) from the District Court’s April 4, 1997 Order on Motion for Summary Judgment entered against American and in favor of Madison Valley Properties, Inc. (Madison). Madison also cross-appeals from one of the court’s rulings on its cross-motion for summary judgment. We reverse the trial court’s decision as to the issue on appeal; we affirm as to the issue on cross-appeal; and we remand for further proceedings and entry of a judgment consistent with this opinion. Finally, we dismiss with prejudice as moot American’s appeal of the…