No. A7702-02385; CA 19888.

648 P.2d 861 (1982)

58 Or.App. 316

SECURITY NATIONAL BANK, a National Banking Association, Appellant-Cross-Respondent, v. Donald C. SLOAN, Respondent-Cross-Appellant.

Court of Appeals of Oregon.

Decided July 21, 1982.

Review Denied October 5, 1982.

Attorney(s) appearing for the Case

Milton C. Lankton, P.C., Portland, argued the cause for appellant-cross-respondent. With him on the briefs was Black, Kendall, Tremaine, Boothe & Higgins, Portland.

David W. Dardano, Portland, argued the cause for respondent-cross-appellant. With him on the brief were Lincoln D. Gardner, and Dardano, Mowry & Griffiths, P.C., Portland.

Before BUTTLER, P.J., and WARDEN and WARREN, JJ.

WARREN, Judge.

In this action to recover on a personal guaranty signed by defendant, plaintiff (bank) appeals from a judgment for defendant after a jury trial. Defendant cross-appeals.

We characterize the facts in the light most favorable to defendant. Defendant was a 25 percent shareholder and director of a corporation named California Auto Auction (Cal-Auto). In March, 1975, Cal-Auto obtained loans from the bank, which required defendant to execute a continuing...

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