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HARDY v. FIRST NAT. BANK OF VICKSBURG

No. 56608.

505 So.2d 1021 (1987)

C.L. HARDY, Jr., and T. Lawrence Hunt v. FIRST NATIONAL BANK OF VICKSBURG.

Supreme Court of Mississippi.

April 22, 1987.

Attorney(s) appearing for the Case

Kenneth B. Rector, Teller, Chaney & Rector, Oscar P. LaBarre, LaBarre & LaBarre, Vicksburg, for appellants.

James R. Sherard, Vicksburg, for appellee.

Before HAWKINS, P.J., and PRATHER and GRIFFIN, JJ.

GRIFFIN, Justice, for the Court:

Defendants Hardy and Hunt, guarantors on a loan issued by plaintiff, the First National Bank of Vicksburg, appeal a decision by the Warren County Circuit Court holding them presently liable on their Continuing Guaranty Agreements. Because we find the subsequent foreclosure sale of property placed as collateral on the loan in no way diminished guarantors liability following default on the principal agreement, we affirm the trial judge...

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