Valley Bank v. Christensen

BOYLE, Justice.

In this dispute concerning a loan guaranty agreement, we are called upon to determine whether the parol evidence rule prevents the admission of oral testimony regarding alleged express conditions precedent.

Defendant Christensen signed a written loan guaranty agreement on a loan made by Valley Bank to a third party. When that individual defaulted on the loan, the bank offset Christensen’s checking account in the amount of $9,000.00 and brought this *497action. Christensen counterclaimed against the bank for wrongful offset alleging that his duty to pay had been discharged because…