McCALEB v. NATIONAL BANK OF COMMERCE

No. CA 87-347.

752 S.W.2d 54 (1988)

25 Ark.App. 53

S. Blaine McCALEB, III, et al., Appellants, v. NATIONAL BANK OF COMMERCE OF PINE BLUFF, Appellee.

Court of Appeals of Arkansas, Division I.

June 22, 1988.


Attorney(s) appearing for the Case

James W. McKenzie, Jr., Duluth, Ga., for appellants.

Rosalind R. McClanahan, Pine Bluff, for appellee.


MAYFIELD, Judge.

This is an appeal from a summary judgment awarded appellee, National Bank of Commerce of Pine Bluff (NBC), on a guaranty agreement. From the matters included in the record on appeal, it is undisputed that appellants were stockholders in McCauley Aviation, Inc., an Arkansas corporation with its principal place of business in Pine Bluff. In order to obtain a $180,000.00 line of credit with NBC, the appellants, on February 22, 1982, executed a guaranty...

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