UNITED STATES v. R & D ONE STOP RECORDS, INC.

No. 80-1474 Summary Calendar.

661 F.2d 433 (1981)

UNITED STATES of America, Plaintiff-Appellee, v. R & D ONE STOP RECORDS, INC., et al., Defendants-Appellants.

United States Court of Appeals, Fifth Circuit.

November 16, 1981.


Attorney(s) appearing for the Case

Wilson, Miller, Spivey, Sheehy, Knowles & Hardy, James W. Knowles, Tyler, Tex., for defendants-appellants.

Janet Hellmich, Asst. U. S. Atty., Tyler, Tex., Russell L. Caplan, Michael Kimmel, Attys., Civ. Div., U. S. Dept. of Justice, Washington, D. C., for plaintiff-appellee.

Before BROWN, POLITZ and WILLIAMS, Circuit Judges.


JOHN R. BROWN, Circuit Judge:

This case arises from a default on a Small Business Administration (SBA) promissory note with a 100% guaranty by the president of a company and three other individuals. Finding that the government was entitled to summary judgment in its favor, we affirm.

I.

In November 1974, R & D One Stop Records, Inc. (R & D), a Texas corporation, executed and delivered to the Dallas office of the SBA a promissory note in the...

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