Legal Opinion
First National Bank & Trust Co. of Bismarck v. Hart
North Dakota Supreme Court
Decided June 30, 1978No. Civ. 9438PublishedCited by 8 opinions
1Opinion of the Court
PEDERSON, Justice.
In January 1972, Robert B. Hart sought a loan of $35,000 for 90 days at 8% interest from The First National Bank and Trust Company of Bismarck. The bank was unwilling to lend on the credit of Robert, so his father, R. M. Hart, was asked to sign the note as a comaker, or to endorse it. He refused to do either, but did sign a guaranty instrument and the loan was made.
Over the course of the next several years, eight new notes were issued sequentially, always for the same amount but for varying periods of time and, eventually, at an interest rate of 9%. Though the record is not…
2Cases cited14 opinions
- Gajewski v. BratcherNorth Dakota Supreme Court · 1976
- Andre Backar, Cross-Appellee v. Western States Producing Company (Now Hytech Energy Corporation) and Wayman W. Buchanan, Cross-AppellantsCourt of Appeals for the Fifth Circuit · 1977
- Mills v. Agrichemical Aviation, Inc.North Dakota Supreme Court · 1977
- Kruger v. SoreideNorth Dakota Supreme Court · 1976
- Dolajak v. State Automobile & Casualty UnderwritersNorth Dakota Supreme Court · 1977
9 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Citizens State Bank-Midwest v. SymingtonNorth Dakota Supreme Court · 2010
- Mandan Security Bank v. HeinsohnNorth Dakota Supreme Court · 1982
- Park View Manor, Inc. v. Housing Authority of County of StutsmanNorth Dakota Supreme Court · 1980
- Wallwork Lease and Rental Co., Inc. v. DeckerNorth Dakota Supreme Court · 1983
- Citizens State Bank-Midwest v. SymingtonNorth Dakota Supreme Court · 2010
3 more not listed; retrieve them via the Exa API.