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UNITED STATES v. OUTRIGGERS, INC.

No. 76-1796.

549 F.2d 337 (1977)

UNITED STATES of America, Plaintiff-Appellant, v. OUTRIGGERS, INC., et al., Defendants, J. O. Bowling and David C. Elliott, Defendants-Appellees.

United States Court of Appeals, Fifth Circuit.

March 23, 1977.

Attorney(s) appearing for the Case

Robert E. Hauberg, U. S. Atty., L. K. Travis, Asst. U. S. Atty., Jackson, Miss., Mark N. Mutterperl, Atty., Ronald R. Glancz, Atty., Rex E. Lee, Asst. Atty. Gen., Appellate Sect., Civil Div., Dept. of Justice, Washington, D. C., for plaintiff-appellant.

K. Hayes Callicutt, Jackson, Miss., for David Elliott.

Charles L. Howorth, Jr., Herbert J. Stelly, Sr., Gulfport, Miss., for J. O. Bowling.

Before MORGAN and FAY, Circuit Judges, and HUNTER, District Judge.

PER CURIAM:

The United States brought this action against seven individuals who were signatories to a Small Business Administration Standard Form Guaranty Agreement.1 The undisputed facts may be simply stated.

Outriggers borrowed $39,000 from the SBA. "In order to induce" SBA to make the loan and to provide collateral for the loan, seven individuals executed a Guaranty Agreement. Napoleon Baker had also signed the agreement. His...

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