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SCHMUCKIE v. ALVEY

No. 87-SC-670-DG.

758 S.W.2d 31 (1988)

Gretchen SCHMUCKIE, Appellant, v. James N. ALVEY and Mary E. Alvey, Appellees.

Supreme Court of Kentucky.

October 6, 1988.

Attorney(s) appearing for the Case

William H. Lawrence, H. Joseph Marshall, Louisville, for appellant.

Fred E. Fischer, Louisville, for appellees.

LAMBERT, Justice.

Upon motion of appellant Gretchen Schmuckie, this Court granted discretionary review. The precise issue before us is whether a maker1 of a promissory note may be discharged from liability as a result of the holder's impairment of collateral which secures payment of the instrument.

Appellees, James N. Alvey and Mary E. Alvey, conveyed a parcel of improved real property to James M. Schmuckie and Gretchen Schmuckie...

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