Casco Northern Bank, N.A. v. Moore

WATHEN, Justice.

Plaintiff Casco Northern Bank appeals the denial of its motion for approval of attachment and trustee process against the defendants, guarantors of a note. (Cumberland County, Fritzsche, J.). Plaintiff challenges the finding of the Superior Court that the mortgage granted by the principal debtor to the plaintiff to secure the debt was “other security” available to satisfy the obligation of the guarantor within the meaning of M.R.Civ.P. 4A(c) and 4B(c). Plaintiff argues that by virtue of an unconditional guaranty provided by the guarantor, it has an independent cause of action…