National City Bank of Minneapolis v. Lundgren

OPINION

BRUCE C. STONE, Judge.

Louis R. Lundgren appeals the trial court’s order denying his motions for summary judgment. The trial court determined that Lundgren could remain personally liable on guaranties despite the fact the principal debtors may have been discharged of liability by virtue of the bank’s election to foreclose by advertisement rather than by action. Without tailoring it to the facts of this case, the trial court certified as important and doubtful the general question of whether a guarantor remains liable if the debtor is discharged by operation of law because of the…