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SHAMBURGER v. UNION BANK OF BENTON

No. CA 82-356.

650 S.W.2d 596 (1983)

8 Ark.App. 259

B.F. SHAMBURGER, Appellant, v. The UNION BANK OF BENTON, Appellee.

Court of Appeals of Arkansas.

May 25, 1983.

Attorney(s) appearing for the Case

R.J. Brown, P.A. by Lisa A. Kelly, Little Rock, for appellant.

Boswell & Smith by Floyd Clardy, Bryant, for appellee.

CLONINGER, Judge.

This case involves the construction of a guaranty agreement. Appellee, The Union Bank of Benton, made a loan to Mr. and Mrs. James A. Croom, the principal obligors. The promissory note was dated June 30, 1973, in the amount of $10,000 and was due December 17, 1973. The loan was secured by a buy-back agreement with appellant, B.F. Shamburger and W.A. Northern. When the buy-back agreement expired, an extension...

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