Peoples State Bank of Plainview v. Muir

OPINION

CRIPPEN, Judge.

Respondent Ross Muir was a guarantor on the original note given for a line of credit extended by appellant Peoples State Bank to Alan Marshman. Appellant bank extended further credit to Marshman pursuant to the line of credit agreement between Marshman and the bank. When Marshman was unable to pay the debt incurred, the bank sought to collect from Muir. The trial court found that respondent was not liable for the unpaid debt. The bank appeals. We reverse and remand.

FACTS

Respondent Ross Muir owns several acres of farm land. For the past several years, the land has been…