Stotler v. Geibank Industrial Bank

Opinion by

Judge DUBOFSKY.

Plaintiffs, Raejean and Robert L. Stotler, appeal a summary judgment entered in favor of defendant, Geibank Industrial Bank, on a promissory note that was assigned to Geibank by SilverCreek Development Company. We affirm in part and reverse in part.

SilverCreek was the developer of a residential community in Colorado. On September 8, 1985, a promissory note was signed by the plaintiffs evidencing debt for purchasing one of the lots in the residential community. SilverCreek assigned this note to Geibank on September 12, 1985.

Subsequently, SilverCreek went into…