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AMERICAN NATIONAL BANK v. PERMA-TILE ROOF CO.

Docket No. F007555.

200 Cal.App.3d 889 (1988)

246 Cal. Rptr. 381

AMERICAN NATIONAL BANK, Plaintiff and Respondent, v. PERMA-TILE ROOF COMPANY et al., Defendants and Appellants.

Court of Appeals of California, Fifth District.

April 27, 1988.

Attorney(s) appearing for the Case

COUNSEL

Perez, Makasian, Willaims & Sanchez and Robert Gray Williams for Defendants and Appellants.

Wild, Carter, Tipton & Oliver and C. Richard Walters for Plaintiff and Respondent.

OPINION

BALLANTYNE, J. —

FACTS AND PROCEEDINGS BELOW

American National Bank loaned Perma-Tile Roof Company $100,000. The loan was secured by a security agreement on all Perma-Tile personal property. The loan was further secured by personal guaranties executed by Vincent Todisco, Dr. Frank Johnson, Joseph Ogle and I.D. Foreman.

The guaranties contained clauses waiving all of the guarantors' remedies. The last...

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