Farmers Union Oil Company v. Fladeland

Murphy, Justice.

Appeal from a judgment for plaintiff holder in an action on a note. Defendant, a comaker, contends that he was released from liability by the holder’s acceptance of a renewal note which defendant did not sign.

From the record it appears that John Fladeland sought a loan in early 1961 from plaintiff, Farmers Union Oil Company (of Red Lake Falls, Minnesota). The application was denied, but plaintiff’s agent suggested that the loan might be arranged if the applicant’s brother, Terrance Fladeland, joined with him on the note. On February 3, 1961, the brothers, John and Terrance…