POPE, Judge.
In July of 1977 Setac Corporation (Setac), a construction company formerly in the business of building homes, applied to W. P. Stephens Lumber Company (Stephens) for credit in order to purchase building supplies. Stephens requested the president and sole shareholder of Setac, appellant Ronald K. Cates, to execute a personal guaranty for all debts which Setac was expected to incur. This document, which was executed on July 6, 1977, was unrestricted as...
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