Gandy v. Park National Bank

615 P.2d 20 (1980)

Robert A. GANDY, Petitioner,

v.

PARK NATIONAL BANK, a National Banking Institution, Respondent.

No. 79SC130.

Supreme Court of Colorado, En Banc.

August 5, 1980.

Ware & Marroney, David E. Ware, Pueblo, for petitioner.

William F. Mattoon, Pueblo, for respondent.

LEE, Justice.

We granted certiorari to review the decision of the court of appeals in Park National Bank v. Gandy, 42 Colo.App. 203, 595 P.2d 704 (1979). We now reverse.

The facts are not in dispute. On February 28, 1975, the U.S. National Mortgage Company borrowed $25,000 from respondent, Park National Bank (bank), giving two…