Casarotto v. Mortensen
Decision Date | 19 May 1983 |
Docket Number | No. 13916,13916 |
Citation | 99 Nev. 392,663 P.2d 352 |
Parties | Albert V. CASAROTTO and Dominick Gullo, Appellants, v. Carl MORTENSEN, Respondent. |
Court | Nevada Supreme Court |
This is an appeal from a grant of summary judgment. Because material issues of fact were before the lower court, we reverse.
In June, 1980, Casgul of Nevada, Inc. (Casgul), a Nevada corporation of which appellants are officers, purchased the Nashville Nevada Club from respondent. As part of this transaction, appellants executed an unsecured promissory note to respondent for $150,000.00 at 17% interest on behalf of the corporation. Appellants also signed the note individually as cosigners. By its terms, payment on the note was due September 14, 1980.
On September 9, 1980, another agreement was entered into under which "[w]e, the undersigned" agreed to pay respondent $75,000.00 as partial payment on "the $150,000.00 note due September 15, 1980 ...." A payment schedule was recited in order for "the balance ($75,000.00) of this note" to be paid in full. That agreement, which apparently was connected to other arrangements between the parties, indicated that the rate of interest was to be "whatever rate Mr. Mortensen pays the bank." The agreement was signed by "Casgul of Nevada, Inc., Al Casarotto, President, Nick Gullo, Treasurer."
Respondent later sued appellants as individuals for $75,000.00 under the terms of the note signed in June, 1980. Appellants asserted as an affirmative defense that the September, 1980 agreement replaced the June note, effecting an accord and satisfaction. Appellants also asserted that their individual liability was extinguished under the new note. Prior to the hearing on respondent's motion for summary judgment, the court received affidavits from both sides which alternatively characterized the September agreement as an "extension agreement" and a "new note." Nonetheless, the court granted summary judgment for respondent.
Under our rules, summary judgment is proper if "the pleadings, depositions, answers to interrogatories, and admissions on file, together with the affidavits, if any, show that there is no genuine issue as to any material fact and that the moving party is entitled to a judgment as a matter of law." NRCP 56(c). Where an issue of material fact exists, summary judgment should...
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