Bank One, Arizona v. Rouse

OPINION

CLABORNE, Presiding Judge.

This action arose out of a 1985 real estate loan in the original principal amount of $11,-500,000 from Valley National Bank of Arizona (“VNB”) 1 to the Varga Group, an Arizona general partnership. The guarantors defaulted on the loan and VNB brought this action. The case was tried to a jury and the jury returned its verdict in favor of the guarantors. VNB brought this appeal raising four issues for review:

1. Whether Appellees’ claims, defenses, and the judgment are void on grounds of illegality;

2. Whether the parol evidence rule should have barred the…