Mullis v. Nevada National Bank

OPINION

This appeal involves the district court’s interpretation of various loan documents. Summary judgment was entered in favor of the author of the subject documents. Because substantial factual disputes are both material and apparent, we must reverse.

In March of 1977, appellant Mullis and respondent Nevada National Bank (Bank) entered into a loan agreement under which the Bank loaned Mullis $2.1 million. This loan was evidenced by a promissory note secured by Mullis’s real and personal assets, including approximately 867 shares of stock in the Silver Spur Casino (Silver Spur).

In 1979, the…