ROYAL WEST AIRWAYS v. VALLEY BANK OF NEV.

No. 17615.

747 P.2d 895 (1987)

ROYAL WEST AIRWAYS, INC., and Edward S. Coleman, Appellants, v. VALLEY BANK OF NEVADA, Respondent.

Supreme Court of Nevada.

December 31, 1987.


Attorney(s) appearing for the Case

Marquis & Haney, Las Vegas, for appellants.

Jones, Jones, Close & Brown and John E. Leach, Las Vegas, for respondent.


OPINION

PER CURIAM:

In December, 1980, respondent Valley Bank of Nevada ("Valley Bank") financed the purchase of a DC-3 airplane by appellant Royal West Airways, Inc. ("Royal West") and perfected a security interest in the airplane. Appellant Edward S. Coleman ("Coleman") signed a demand note both as President of Royal West and individually, and in February, 1981, executed a personal guaranty of the loan. Royal West and Coleman defaulted on the loan during...

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