Butterfield v. MacKenzie

SCHWARTZMAN, Judge.

Guy E. and Mary D. Butterfield appeal from the district court’s decision granting Betty Jean MacKenzie’s motion for summary judgment. The court held that the relevant statute of limitations for the Butterfields’ cause of action had expired. We affirm.

I

BACKGROUND AND PRIOR PROCEEDINGS

On November 7, 1989, the Butterfields loaned $12,000 to MaeKenzie, who signed a promissory note which stated that the entire sum plus 12 percent annual interest was: “All due and payable April 15, 1990.” It is uneontested that no payments of interest or principal have ever been made on the loan.

A…