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ALVEY v. UNION INV., INC.

697 S.W.2d 145 (1985)

Eugene ALVEY and Wanda Alvey, his wife, appellants, v. UNION INVESTMENT, INC., and James Bradshaw and Betty Bradshaw, Appellees. UNION INVESTMENT, INC., Cross-Appellant, v. Eugene ALVEY and Wanda Alvey, Cross-Appellees.

Court of Appeals of Kentucky.

Rehearing Denied July 19, 1985.

Discretionary Review Denied and Opinion Ordered Published by Supreme Court October 23, 1985.

Attorney(s) appearing for the Case

James F. Dinwiddie, Leitchfield, for appellants/cross-appellees.

Jerry W. Guffey, Leitchfield, for appellee/cross-appellant (Union Investment, Inc.)

Before COMBS, HOWARD and LESTER, JJ.

HOWARD, Judge.

This is an appeal from a judgment holding the appellants, Eugene and Wanda Alvey, liable as guarantors of a note.

On September 22, 1978, the appellants, Eugene and Wanda Alvey, sold appellees, James and Betty Bradshaw, a business consisting of a motel with an apartment for the owner, restaurant, grocery with gasoline pumps, and boat storage sheds in Grayson County for $110,000. The Bradshaws obtained a loan for the entire amount from the appellee...

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