Valley State Bank v. Gibson

This is an action to collect on a promissory note. The trial court awarded plaintiff summary judgment against defendant Sandra Gibson, a co-maker, and defendants Wright, the guarantors. Defendants Wright appeal. The issue is whether there was any genuine issue of material fact concerning the execution of the Wrights’ guaranty agreement. We affirm.

Leo Gibson had several outstanding loans from plaintiff bank. He was having difficulty making his payments. He applied for an additional loan of $7,000. The bank would only grant the new loan if he had a guarantor. At Leo’s request, the Wrights,…