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LIBERTY BANK v. SHIMOKAWA

No. 7189.

632 P.2d 289 (1981)

LIBERTY BANK, Plaintiff-Appellant, v. James W. SHIMOKAWA, Defendant, and Asae Shimokawa, Defendant-Appellee.

Intermediate Court of Appeals of Hawaii.

Certiorari Denied July 29, 1981.

Attorney(s) appearing for the Case

Neil Hulbert, Honolulu (Hong & Iwai, Honolulu, of counsel), for appellant.

Masato Doi and Hideki Nakamura, Honolulu (King, Nakamura & Takahashi, Honolulu, of counsel), for defendant-appellee.

Eichi Oki, Honolulu, for defendant-appellee.

Before HAYASHI, C.J., and PADGETT and BURNS, JJ.

HAYASHI, Chief Judge.

Liberty Bank appeals from the lower court's decision invalidating the continuing guaranty given it by Appellee Asae Shimokawa and releasing her from liability on a promissory note executed after the execution of the guaranty.

The underlying issues which merit consideration are (1) whether the continuing guaranty as executed by appellee is a valid, enforceable contract of guaranty between the...

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