SKEEN v. VALLEY BANK OF NEVADA

No. 6988.

511 P.2d 1053 (1973)

Clyde E. SKEEN, Appellant, v. VALLEY BANK OF NEVADA, Respondent.

Supreme Court of Nevada.

Rehearing Denied September 17, 1973.


Attorney(s) appearing for the Case

A.D. Demetras, Reno, for appellant.

McDonald, Carano, Wilson & Bergin, Reno, for respondent.


OPINION

BATJER, Justice.

On September 8, 1971, the appellant guaranteed to the respondent bank a promissory note of $400,000.00 made by Reno Race Park, Inc. The note, which became due on December 8, 1971, carried an interest rate of nine percent (9%) and provided for reasonable attorneys' fees in the event of default or suit thereon. Default occurred, with neither interest nor principal having been paid.

On January 4, 1972, the respondent filed a...

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