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UNITED STATES v. ANDERSON

No. 8134.

366 F.2d 569 (1966)

UNITED STATES of America, Appellant, v. Robert P. ANDERSON et al., Appellees.

United States Court of Appeals Tenth Circuit.

September 30, 1966.

Attorney(s) appearing for the Case

Kathryn H. Baldwin, Atty., Dept. of Justice (John W. Douglas, Asst. Atty. Gen., Lawrence M. Henry, U. S., Atty., Alan S. Rosenthal, Atty., Dept. of Justice, with her on the brief), for appellant.

Benjamin E. Sweet, Denver, Colo. (Ralph E. Crandell, Denver, Colo., with him on brief), for appellees.

Before MURRAH, Chief Judge, and PICKETT and HICKEY, Circuit Judges.

HICKEY, Circuit Judge.

The First National Bank of Englewood, Colorado (Bank) loaned $250,000.00 to U. S. Durox Corporation of Colorado (Corporation). In order to induce the Bank to make the loan to the Corporation, the appellees, directors of the Corporation, executed an unconditional guarantee to the Bank, its successors or assigns.

After default on the obligation, the Bank assigned the note together with all collateral...

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