Sparta State Bank v. Covell

Plaintiff, Sparta State Bank, appeals as of right from a March 27, 1991, order of the Kent Circuit Court granting defendant, David Covell, summary disposition pursuant to MCR 2.116(C)(7). The trial court held that plaintiffs claim for breach of an installment loan agreement was barred by the six-year statute of limitations governing contract actions, MCL 600.5807(8); MSA 27A.5807(8). We reverse the order of the trial court.

This dispute concerns two installment loan agreements between plaintiff and defendant. In February 1978, defendant signed an installment loan agreement with plaintiff to…