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FEDERAL NAT. BANK v. SHANNON DRILLING

No. 65226.

762 P.2d 928 (1988)

FEDERAL NATIONAL BANK & TRUST COMPANY OF SHAWNEE, Appellant, v. SHANON DRILLING, INC., Jimmy W. Gray, et al., Defendants, and David B. Levy, John Regina and Roy O. Dillard, Jr., Appellees.

Supreme Court of Oklahoma.

July 19, 1988.

Attorney(s) appearing for the Case

Diamond, Adcock & Stuart by James T. Stuart, Shawnee, for appellant.

Mantooth & Haxel by John Mantooth, Purcell, for appellees.

HODGES, Justice.

The dispositive question is whether a prior oral agreement was admissible in evidence as a condition precedent to the effectiveness of certain written guaranty agreements. We answer in the affirmative.

Appellees David B. Levy, John Regina and Roy O. Dillard, Jr., (Guarantors) agreed to guarantee a $300,000 loan issued by appellant Federal National Bank & Trust Company of Shawnee (Bank) to defendant...

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