Gillett v. Brown

Opinion

ROTH, Judge:

¶ 1 This case involves claims of breach of contract and fraud. In March 1996, after David K. Gillett—through his company Majestic Airlines Inc. (collectively, Gillett and Majestic)—defaulted on repayment of a loan to Sentry Financial Corporation (Sentry). Sentiy received a substantial partial payment of the balance due from one of the loan’s personal guarantors, Boyd J. Brown. Neither Sentry nor Brown disclosed Brown’s guaranty payment to Gillett or Majestic. Sentry later commenced an action in the district court against Majestic to collect on the past-due loan, and after…