TALCO CAPITAL CORP. v. CANAVERAL INTERNATIONAL CORP.

Civ. No. 63-125.

225 F.Supp. 1007 (1964)

TALCO CAPITAL CORPORATION, Plaintiff, v. CANAVERAL INTERNATIONAL CORP. and Bimini Run, Ltd., Defendants.

United States District Court S. D. Florida, Miami Division.

January 23, 1964.


Attorney(s) appearing for the Case

Richard P. Kenney, Miami, Fla., for plaintiff.

Robert H. Givens, Jr., Miami, Fla., for defendants.


FULTON, District Judge.

This action is based on a contractual agreement which the plaintiff contends is a guaranty obligation whereby the defendants guaranteed a loan, which loan was made by the plaintiff to third parties, who are not here involved.

The defendants deny that the agreement created a guaranty. They contend that the agreement in question merely permitted defendants to pay off the loan, at their discretion, if the loan was in default, in order...

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