Idaho Independent Bank v. Marty D. Frantz

EISMANN, Justice,

This is an appeal out of Kootenai County from a judgment in favor of the lender against the guarantors of construction loans made to the guarantors’ closely held corporation. We affirm the judgment of the district court.

I

Factual Background.

Marty and Cindy Frantz executed a series of commercial guaranties so that Idaho Independent Bank (“Bank”) would lend money to Eagle Ridge on Twin Lakes, Inc. (“Eagle Ridge”), a closely held corporation in which the Frantzes held a majority interest and Mr. Frantz was the president. Eagle Ridge executed in favor of Bank a promissory note…