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FIRST STATE BANK, HICKMAN v. PETERSON

No. 42615.

290 N.W.2d 634 (1980)

205 Neb. 814

FIRST STATE BANK, HICKMAN, Nebraska, Appellant, v. Norman L. PETERSON, Appellee.

Supreme Court of Nebraska.

April 1, 1980.

Attorney(s) appearing for the Case

Teresa K. Luther of Luther & Beaurivage, Lincoln, for appellant.

Ronald Rosenberg of Rosenberg & Yungblut, Lincoln, for appellee.

Heard before BOSLAUGH, McCOWN, CLINTON, BRODKEY, WHITE, and HASTINGS, JJ.

BOSLAUGH, Justice.

This is a suit on an unconditional guaranty agreement executed on October 26, 1973, by the defendant, Norman L. Peterson. The agreement unconditionally guaranteed prompt payment of any notes or other indebtedness of the Hickman Lumber and Mercantile Co., Hickman, Nebraska, to the plaintiff bank. The guaranty agreement provided that it was applicable to any and all notes made at any time by the debtor, and that the bank might, without notice to the...

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