Vreede v. Koch

COZORT, Judge.

Plaintiff sued defendants to collect unpaid principal and interest due on a debt that defendants personally guaranteed. Defendants answered claiming in part that plaintiff’s suit was barred by the statute of limitations. The trial court granted plaintiff’s summary judgment motion. Defendants appeal. We affirm. The facts follow.

On 20 October 1978, plaintiff loaned $15,000 to R. K. Consulting Ltd. (RKC), a New York corporation. The note provided for RKC to make monthly installment payments of $165.81 from 1 December 1978 until all principal and interest were paid in full. The note…