Peterson v. First State Bank

OPINION

BAILEY, Judge

Case Summary

Appellants-Defendants Eugene Peterson and Eileen Peterson (“the Petersons”) appeal a grant of summary judgment in favor of Appellee-Plaintiff First State Bank (“Bank”), upon Bank’s complaint for reformation of a loan document and enforcement of a guaranty. We affirm.

Issue

The Petersons present for our review two (restated) issues as follows:

1. Whether the trial court’s reformation of a loan document was proper; and

2. Whether Bank was entitled to summary judgment against the Peter-sons as guarantors.

Facts and Procedural History

In 1997, the Petersons, their son…