SPEARS v. EL DORADO FOUNDRY MACHINE & SUPPLY CO.

No. 5-4231.

414 S.W.2d 622 (1967)

242 Ark. 590

Jerry SPEARS v. EL DORADO FOUNDRY, MACHINE & SUPPLY COMPANY.

Supreme Court of Arkansas.

Rehearing Denied June 5, 1967.


Attorney(s) appearing for the Case

Shackleford & Shackleford, El Dorado, for appellant.

M. P. Matheney, El Dorado, for appellee.


GEORGE ROSE SMITH, Justice.

This is a suit brought by the appellee upon a written contract by which the appellant and two other men guaranteed the payment of an open account owed to the plaintiff by Southern States Mechanical Contractors, Inc. The appellant insists that his liability as a guarantor was discharged by the appellee's action in extending the time for payment and in taking Southern States' promissory note in place of the open account. The chancellor rejected...

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