Dakota Bank & Trust Co. of Fargo v. Funfar
North Dakota Supreme Court
1Opinion of the Court
LEVINE, Justice.
Dakota Bank and Trust Co. of Fargo [Bank] appeals from a district court judgment dismissing its action against Charles Funfar to enforce an alleged oral guaranty of a promissory note secured by a real estate mortgage. We affirm.
On June 30, 1983, Dr. Kevin and Yvonne Quinn executed a $156,150 promissory note to the Bank to finance the purchase of a home in the Prairiewood Addition of Fargo. The note was secured by a mortgage subject to the provisions of the Short-Term Mortgage Redemption Act, Chapter 32-19.-1, N.D.C.C. Pursuant to the mortgage agreement, the Quinns established…
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