CROCKETT, Chief Justice:
Plaintiff, First Security Bank (the "bank") brought this suit to recover $37,236.80, the amount remaining due on a promissory note executed by Colonial Ford and guaranteed by LeGrande L. and Doris Belnap.
Colonial Ford failed to answer and a judgment by default was entered against it. The individual defendants, Belnaps, filed an answer alleging that the guaranty they had signed lacked consideration and also that they had been induced...
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