(Download) "Moffat County State Bank V. Told" by Colorado Supreme Court ~ eBook PDF Kindle ePub Free
eBook details
- Title: Moffat County State Bank V. Told
- Author : Colorado Supreme Court
- Release Date : January 19, 1990
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 59 KB
Description
Moffat County State Bank (the Bank) brought this action against Thomas and Mollie Told (the Tolds) to obtain a judgment against the Tolds for their failure to honor a $100,000 loan guaranty agreement. The Tolds defended on the ground that their liability on the loan guaranty was discharged by Orin Farnsworth's (Farnsworth) oral agreement with the Bank that he would assume the Tolds' obligation. The Moffat County District Court granted summary judgment for the Bank. The court of appeals reversed the district court's summary judgment order, and held that there were disputed issues of material fact with regard to the existence and the nature of the alleged oral agreement between the Bank and Farnsworth, and with regard to the parties' intent to effect a novation. Moffat County State Bank v. Told, 780 P.2d 11 (Colo. App. 1989). We affirm the judgment of the court of appeals.