BRENTON BANK & TRUST CO., CLARION v. BEISNER

No. 61022.

268 N.W.2d 196 (1978)

BRENTON BANK & TRUST COMPANY, CLARION, Iowa, Appellant, v. Goldie BEISNER, Executor of the Estate of John Schutt, Deceased, Appellee.

Supreme Court of Iowa.

July 26, 1978.


Attorney(s) appearing for the Case

Dewayne A. Knoshaug, Clarion, for appellant.

Barker & McNeal, Iowa Falls, for appellee.

Considered by MOORE, C. J., and RAWLINGS, UHLENHOPP, HARRIS and McCORMICK, JJ.


UHLENHOPP, Justice.

This appeal involves a problem in the law of guaranty relating to revocation.

On March 18, 1970, John Schutt executed and delivered to Wright County State Bank (now claimant Brenton Bank & Trust Company, Clarion, Iowa) his written guaranty containing the following clauses among others:

IN CONSIDERATION That The Wright County State Bank . . . has heretofore and may hereafter . . . discount notes for, loan money to and furnish...

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