Legal Opinion
IXI Laboratories, Inc. v. First Bank National Ass'n
Court of Appeals of Minnesota
Decided March 31, 1992No. C5-91-1883, C7-91-1884PublishedCited by 1 opinion
1Opinion of the Court
OPINION
NORTON, Judge.
Appellants IXI Laboratories, Inc. and Qwix Media Shops & Depots, Inc. challenge the trial court’s grant of summary judgment in favor of respondent First National Bank. We affirm in part, reverse in part and remand to the trial court.
FACTS
Appellants IXI Laboratories, Inc. (“IXI Labs”) and Qwix Media Shops & Depots, Inc. (“Qwix Media”) were borrowers on a line of credit from First National Bank (“Bank”) and also had checking accounts with Bank. At the time the line of credit and the checking accounts were established, certain of appellants’ officers were authorized to make…
2Cases cited5 opinions
- Hubred v. Control Data Corp.Supreme Court of Minnesota · 1989
- City of Virginia v. Northland Office Properties Ltd. PartnershipCourt of Appeals of Minnesota · 1991
- Kronzer v. First Nat. Bank of MinneapolisSupreme Court of Minnesota · 1975
- Dozier v. First Ala. Bank of Montgomery, NACourt of Civil Appeals of Alabama · 1978
- Acrometal Companies, Inc. v. First American Bank of BrainerdCourt of Appeals of Minnesota · 1991
3Cited by1 opinion
- Ontap Premium Quality Waters, Inc. v. Bank of Northern Illinois, N.A.Appellate Court of Illinois · 1994