Ostlund Chemical Co. v. Norwest Bank of Jamestown

VANDE WALLE, Justice.

Ostlund Chemical Company [Ostlund] appealed from a summary judgment dismissing its action against Norwest Bank of Jamestown, formerly known as First National Bank of Jamestown [Bank]. Because genuine issues of material fact have been raised in this case, we reverse and remand for trial.

The evidence, viewed in the light most favorable to the party against whom summary judgment was rendered, reflects that during March 1982, Bruce Glinz, a farmer, was indebted to the Bank for more than $440,000. Glinz sought $600,000 in operating funds for the 1982 farm year, but because of…