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SMITH v. FIRST FEDERAL SAV. & LOAN ASS'N

No. 55288.

460 So.2d 786 (1984)

John Doyle SMITH v. FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF GRENADA, MISSISSIPPI.

Supreme Court of Mississippi.

November 7, 1984.

Attorney(s) appearing for the Case

Clarence R. Scales, Scales & Scales, Jackson, for appellant.

A. Spencer Gilbert, III, Barry H. Powell, Gilbert & Powell, Jackson, for appellee.

Before PATTERSON, C.J., and DAN M. LEE and ROBERTSON, JJ.

ROBERTSON, Justice, for the Court:

I.

This appeal presents the question, whether a release agreement, executed by a secured lender and delivered to his debtor acquitting the debtor of all obligations arising out of certain business loans to corporations in which the debtor has an interest, affects the rights and duties of the parties arising out of three unrelated personal secured loans with respect to which the...

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