CARLEY, Judge.
In November of 1976 the appellee-C. & S. Bank (bank) loaned the sum of $100,000 to the TFM Corporation (TFM), the bank taking a 90-day note for that amount. Appellant-Hearn, then chairman of the board of TFM, executed a contemporaneous contract of guaranty, which recited in part as follows: "FOR VALUE RECEIVED, the sufficiency of which is hereby acknowledged, and in consideration of any loan or other financial accommodation heretofore or hereafter...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
