Cheyenne Western Bank v. Young

Plaintiff bank brought suit in the District Court, Rosebud County, on several promissory notes and a mortgage on which defendants were in default. Defendants counterclaimed alleging that they had been fraudulently induced into assuming these obligations. The District Court granted plaintiff’s motion for summary judgment on the counterclaim and ordered foreclosure sale of the property securing the notes. Defendants appeal.

Defendants Young were buying a restaurant in Ashland, Montana, on contract. The restaurant was destroyed by fire. Defendants applied to plaintiff bank for a loan to rebuild…