(Download) "Valley Bank v. Thomas Christensen and" by Supreme Court of Idaho No. 18014 # eBook PDF Kindle ePub Free
eBook details
- Title: Valley Bank v. Thomas Christensen and
- Author : Supreme Court of Idaho No. 18014
- Release Date : January 01, 1991
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 63 KB
Description
In this dispute concerning a loan guaranty agreement, we are called upon to determine whether the parol evidence rule prevents
the admission of oral testimony regarding alleged express conditions precedent. Defendant Christensen signed a written loan guaranty agreement on a loan made by Valley Bank to a third party. When that
individual defaulted on the loan, the bank offset Christensen's checking account in the amount of $9,000.00 and brought this
action. Christensen counterclaimed against the bank for wrongful offset alleging that his duty to pay had been discharged
because the bank failed to fulfill two conditions precedent to payment. The jury found in favor of Christensen and Valley
Bank moved for a judgment notwithstanding the verdict which was denied by the trial court.