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FEDERAL DEPOSIT INS. v. FORT WORTH AVIATION

No. 86-1104.

806 F.2d 575 (1986)

FEDERAL DEPOSIT INSURANCE CORP., In Its Corporate Capacity, Plaintiff-Appellee, v. FORT WORTH AVIATION, John Cary & Eleanor Cary, Defendants-Appellants.

United States Court of Appeals, Fifth Circuit.

December 23, 1986.

Attorney(s) appearing for the Case

Richard M. Plato, Yocel Alonso, Houston, Tex., for defendants-appellants.

M.O. Anderson, Jr., Beth A. Kramer, F.D.I.C., Legal Div., Midland, Tex., for plaintiff-appellee.

Before GOLDBERG, REAVLEY and GARWOOD, Circuit Judges.

REAVLEY, Circuit Judge:

The district court held appellants, John and Eleanor Cary, personally liable as guarantors on notes executed by Fort Worth Aviation to First National Bank of Midland. In doing so, the court rejected appellants' interpretation of a paragraph in the guaranty contract and also their contention that certain accounts receivable securing the notes were not treated in a commercially reasonable manner. We affirm.

Facts

John and Eleanor...

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