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PASCAGOULA-MOSS POINT BANK v. CIT. FID. B. & T.

563 S.W.2d 727 (1977)

The PASCAGOULA-MOSS POINT BANK, Appellant, v. CITIZENS FIDELITY BANK & TRUST COMPANY, Executor of the Estate of Gaines P. Wilson, Deceased, Appellee.

Court of Appeals of Kentucky.

Rehearing Denied January 6, 1978.

Discretionary Review Denied April 25, 1978.

Attorney(s) appearing for the Case

James G. Apple, Stites, McElwain & Fowler, Louisville, Roy C. Williams, Megehee, Brown & Williams, Pascagoula, Miss., for appellant.

Foster L. Haunz, Louisville, for appellee.

Before MARTIN, C. J., and HOWARD and COOPER, JJ.

COOPER, Judge.

The decedent, Gaines P. Wilson, Sr., was the principal in a corporation known as the Coastal Construction Company, Inc. On June 8, 1972, the Pascagoula Bank of Pascagoula, Mississippi, made a loan to the Coastal Construction Company, Inc. in the amount of $10,000 at the request of the decedent, Wilson. The loan was evidenced by a note signed by the president of the Coastal Construction Company, G. C. Arbogast. The guaranty on the back of the note was...

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