Ag Acceptance Corp. v. Glinz

NEUMANN, Justice.

[¶ 1] Cecelia Glinz and the Estate of Bruce Glinz appealed from a summary judgment awarding Ag Acceptance Corporation (“Ag Acceptance”) judgment in the amount of $238,874 on a promissory note. We affirm.

I

[¶ 2] Cecelia Glinz and her husband, Bruce Glinz, ran a farming operation. On August 15, 1997, the Glinzes signed a “Master Promissory Note” payable to Ag Services of America, Inc. (“Ag Services”) to finance their 1998 crop. The note was in the amount of $750,000 with interest at 2.75 percent above the prime rate. All principal and interest was due on January 15, 1999. The…