Court Opinion

ID: 9859049
Source: CourtListenerOpinion
Date Created: 2023-09-24 18:24:07.848442+00
Date Added: 2024-06-11T10:05:37.876172
License: Public Domain

LARSON, Justice
(dissenting).
The key issue here is whether the 1973 agreement between Zidlickys and the bank, by which either could sign promissory notes, was still valid in 1983. The majority *392says it was not; I believe it was. This agreement provided:
This Joinder and Guarantee Agreement shall continue in full force and effect until the undersigned shall give said bank written notice to not extend any further credit....
The majority holds that this agreement terminated when the Zidlickys’ farming operation ceased. There is nothing in the agreement to suggest such an interpretation; it provides it would terminate on express written notice. There was not even a showing that the parties had orally agreed to other conditions for termination.
I would reverse.