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SCHARFF v. BANK OF HAWAII

No. 22796.

432 F.2d 160 (1970)

Ferdinand E. SCHARFF and Isabel Q. Scharff, husband and wife, Appellants, v. BANK OF HAWAII, a corporation, Appellee.

United States Court of Appeals, Ninth Circuit.

August 3, 1970.

Attorney(s) appearing for the Case

John J. Carniato (argued), Walnut Creek, Cal., Arriola, Bohn & Dierking, Agana, Guam, for appellants.

David M. Shapiro (argued), Agana, Guam, for appellee.

Before CHAMBERS and ELY, Circuit Judges, and LEVIN, District Judge.

ELY, Circuit Judge:

This appeal presents a unique set of circumstances. The appellants Scharff signed two instruments in favor of the appellee bank under which they guaranteed the repayment of loans made by the bank to one Williams and his wife.1 At the time the Scharffs signed the guaranties, the Williamses had applied for a loan in the amount of $2500. The Scharffs visited the bank, were shown...

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