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LEE v. VAUGHN

No. 75-268.

534 S.W.2d 221 (1976)

Carl W. LEE, Appellant, v. B. J. VAUGHN, Appellee.

Supreme Court of Arkansas.

March 8, 1976.

Attorney(s) appearing for the Case

Walker, Campbell, McCorkindale & Young, by William S. Walker and Ronald D. Young, Harrison, for appellant.

Adams & Covington, Harrison, for appellee.

HARRIS, Chief Justice.

Appellant, Carl W. Lee, guaranteed the payment of "the first $3,000.00" of a $4,000.00 note from Norvile and Rofena Akin, which Lee assigned to appellee, B. J. Vaughn, a resident of Lamesa, Texas; the guaranty agreement was also executed in Texas. The agreement provided that "If any monthly installment is past due more than 15 days, B. J. Vaughn shall promptly mail notice of that fact to the said Lee, P. O. Box 266, Bentonville, Arkansas, 72712...

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