FEDERAL DEPOSIT INS. v. VENTURE CONTRACTORS, INC.

Nos. 86-1162, 86-1264.

825 F.2d 143 (1987)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff-Appellee, v. VENTURE CONTRACTORS, INC., William Tedtman, and Robert Labus, Defendants, and Michael Davis, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided July 16, 1987.


Attorney(s) appearing for the Case

Michael W. Rathsack, Chicago, Ill., for defendant-appellant.

Richard A. Wohlleber, Chapman & Cutler, Chicago, Ill., for plaintiff-appellee.

Before WOOD, COFFEY and RIPPLE, Circuit Judges.


COFFEY, Circuit Judge.

Michael Davis, the defendant-appellant, appeals from the district court's judgment in favor of the Federal Deposit Insurance Corporation ("FDIC") ordering him to pay $85,441.15 plus accrued interest and costs on a guaranty. We affirm.

I

On or about November 21, 1977, Venture Contractors, Inc. ("Venture")1 through its authorized agent, executed a promissory...

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