Legal Opinion
Wellman Savings Bank v. Adams
Supreme Court of Iowa
Decided April 23, 1990No. 89-174PublishedCited by 11 opinions
1Opinion of the Court
SNELL, Justice.
In early 1983 David Dumont sought a loan in the amount of $25,000 from the Wellman Savings Bank to make alterations in his farming operation. The bank determined that Dumont lacked adequate security and declined to make the loan unless he could find a guarantor. He talked to his mother, Verna Adams, about acting as guarantor, and after some initial hesitation she acquiesced.
Dumont and Adams met with loan officers at the bank on June 3, 1983. After completing a financial statement, Adams signed the guaranty instrument presented by the bank. The instrument stated in relevant…
2Cases cited9 opinions
- Rodman v. State Farm Mutual Automobile Insurance Co.Supreme Court of Iowa · 1973
- In Re the Marriage of SteenhoekSupreme Court of Iowa · 1981
- M-Z Entersprises, Inc. v. Hawkeye-Security Insurance Co.Supreme Court of Iowa · 1982
- First National Bank in Sioux City v. CurranSupreme Court of Iowa · 1973
- Kendall v. LowtherSupreme Court of Iowa · 1984
4 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Gouge v. McNamaraCourt of Appeals of Iowa · 1998
- Nationwide Agribusiness Insurance Company, as Subrogee of Farmers Cooperative Company v. Pgi International, Squibb-Taylor, Inc., Cox Manufacturing Company D/B/A Dalton Ag Products, Inc., and Cnh Corp. A/K/A Cnh American, LLC A/S/O Dmi, Inc.Court of Appeals of Iowa · 2016
- Nancy Ann Brant, Individually Nancy Ann Brant, as Administrator of the Estate of James Edward Brant v. Geico General Insurance CompanyCourt of Appeals for the Eighth Circuit · 1993
- Beal Bank v. SiemsSupreme Court of Iowa · 2003
- Cronbaugh v. Farmland Mutual Insurance Co.Court of Appeals of Iowa · 1991
6 more not listed; retrieve them via the Exa API.