Empire State Bank v. Varpness

OPINION

PARKER, Judge.

Empire State Bank appeals the trial court’s denial of its claim arising from a note executed by respondent Norman Varpness. The jury found, by special verdict, that the bank had induced Varpness to sign the note by fraudulent misrepresentation. Based on this finding, the trial court held that the note was unenforceable. We reverse and remand with instructions to enter judgment for the bank.

FACTS

Bernard Belling operated two farms in southern Minnesota: the Rosvold farm and the LeMon farm. Belling depended on financing from the Empire State Bank (bank) for the continued…