Johnson v. Olympic Liquidating Trust
Alaska Supreme Court
1Opinion of the Court
OPINION
MATTHEWS, Justice.
I. INTRODUCTION
James Johnson, Edye Risener and Al Ri-sener appeal the superior court’s grant of summary judgment holding them liable on a non-negotiable promissory note. They contend that the note was procured by fraud and is avoidable. Assuming that part of the note is touched by fraud, we conclude that they may not avoid the portion of the note representing valid debt. We affirm the superior court as to the grant of summary judgment. We reverse the superior court’s award of attorney’s fees to the Olympic Liquidating Trust, and remand for further proceedings.
II.…
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