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EVELYN HILLS PHARMACY v. FIRST NAT. BANK OF FAYETTEVILLE

No. 86-23.

712 S.W.2d 291 (1986)

289 Ark. 351

EVELYN HILLS PHARMACY, INC. & Phillip J. Colwell, Appellants, v. FIRST NATIONAL BANK OF FAYETTEVILLE, Appellee.

Supreme Court of Arkansas.

June 30, 1986.

Attorney(s) appearing for the Case

F.H. Martin, Fayetteville, for appellants.

Mark Lindsay, Fayetteville, for appellee.

DUDLEY, Justice.

This appeal is from a decision of the trial court holding appellant Evelyn Hills Pharmacy, Inc. liable on a promissory note and appellant Phillip J. Colwell liable as a loan guarantor of the note. We affirm the decision.

Evelyn Hills Pharmacy, Inc. is a corporation in which Richard A. Brown owned one-half of the stock and appellant Colwell owned the other half. In 1974 both Brown and Colwell executed loan guaranty agreements to appellee First...

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