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UNIVERSITY BANK AND TRUST CO. v. DUNTON

No. 80-1828.

655 F.2d 23 (1981)

UNIVERSITY BANK AND TRUST CO., Plaintiff, Appellant, v. Elaine D. DUNTON, Defendant, Appellee.

United States Court of Appeals, First Circuit.

Decided July 24, 1981.

Attorney(s) appearing for the Case

Maria J. Woodford, Boston, Mass., with whom Moulton & Looney, Boston, Mass., and Janice Burnham, Chestnut Hill, Mass., were on brief, for plaintiff, appellant.

Russell F. Hilliard, Concord, N.H., with whom Upton, Sanders & Smith, Concord, N.H., was on brief, for defendant, appellee.

Before COFFIN, Chief Judge, GIBSON, Senior Circuit Judge, and BREYER, Circuit Judge.

FLOYD R. GIBSON, Senior Circuit Judge.

University Bank and Trust Co. appeals the decision of the district court finding Elaine D. Dunton to have been released from liability on her guaranty of a loan made by the bank to her husband and his business firm, Metal Blasting & Coating Company. We affirm the judgment of the district court in this diversity case.

On July 15, 1976, the bank loaned Kimball Dunton and his company $150,000. The day before, Elaine...

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