Legal Opinion
First National Bank & Trust Co. of Williston v. Jacobsen
North Dakota Supreme Court
Decided November 8, 1988No. Civ. No. 880083PublishedCited by 11 opinions
1Opinion of the Court
LEVINE, Justice.
Ruvold and Phyllis Jacobsen appeal from a district court summary judgment adjudging them jointly and severally liable to First National Bank & Trust Company of Williston (the Bank) for $599,350.95 plus interest, costs and disbursements. We affirm.
Ruvold was a stockholder and director of two corporations that borrowed money from the Bank over a period of several years. Ruvold signed the notes for the corporations, and he also borrowed money personally from the Bank. The corporations’ notes and Ruvold’s notes were periodically renewed, with no principal reduction, until default.
R…
2Cases cited13 opinions
- Carter v. StantonSupreme Court of the United States · 1972
- Nicholas Acoustics & Specialty Company v. H & M Construction Company, Inc. And Insurance Company of North AmericaCourt of Appeals for the Fifth Circuit · 1983
- First National Bank of Hettinger v. ClarkNorth Dakota Supreme Court · 1983
- Albers v. NoDak Racing Club, Inc.North Dakota Supreme Court · 1977
- Binstock v. TschiderNorth Dakota Supreme Court · 1985
8 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Peterson v. ZerrNorth Dakota Supreme Court · 1991
- Delzer v. United Bank of BismarckNorth Dakota Supreme Court · 1992
- Janavaras v. National Farmers Union PropertyNorth Dakota Supreme Court · 1989
- Kemp v. City of Grand ForksNorth Dakota Supreme Court · 1994
- FIRST NATL. BANK & TRUST CO. v. JacobsenNorth Dakota Supreme Court · 1988
6 more not listed; retrieve them via the Exa API.