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HOERNER v. FIRST NATIONAL BANK OF JACKSON

No. 46366.

254 So.2d 754 (1971)

Fred A. HOERNER, Complainant-Appellant, v. FIRST NATIONAL BANK OF JACKSON, Mississippi, Defendant-Appellee.

Supreme Court of Mississippi.

Rehearing Denied January 10, 1972.

Attorney(s) appearing for the Case

Daniel, Coker, Horton, Bell & Dukes, John B. Clark, Jackson, for complainant-appellant.

Watkins & Eager, William F. Goodman, Jr., Jackson, for defendant-appellee.

PATTERSON, Justice:

This appeal arises from the Chancery Court of the First Judicial District of Hinds County. It involves the liability of Fred A. Hoerner upon a continuing guaranty agreement to the First National Bank of Jackson and the subjugation of mining stock pledged by him as security for payment of a corporate loan.

In 1957 Fred A. Hoerner (hereinafter Hoerner), a businessman of Jackson, became the owner...

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