Deal v. Baines

*510OPINION

This is an appeal from a district court order “dismissing an action” and setting aside a judgment on a crossclaim. For the reasons set forth below, we hold that the district court erred in setting aside the judgment.

FACTS

In 1980 appellant Steve Deal (Deal) sold all of the stock of Roma Marble, Inc. to respondent Richard Baines (Baines). Pursuant to the terms of the stock sale, Baines was to have repaid and indemnified Deal and ensured that Deal was held harmless from a $24,537 loan made by Valley Bank of Nevada (Valley Bank) to Roma Marble, as well as other liabilities of the company.

On…