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FEDERAL DEPOSIT INS. CORP. v. WOOLARD

No. 88-7038.

889 F.2d 1477 (1989)

FEDERAL DEPOSIT INSURANCE CORPORATION In its Corporate Capacity, Plaintiff-Appellee, v. Jimmie WOOLARD, Clyde Tanner, Ed Carnes, Layne Bearden, Greg Akins, Lowell Fuller, and Winston Bell, Defendants-Appellants.

United States Court of Appeals, Fifth Circuit.

December 15, 1989.

Attorney(s) appearing for the Case

Andrew Harper Estes, Lowell Shane Stokes, Lynch, Chappell, Allday & Alsup, Midland, Tex., for defendants-appellants.

Harold H. Pigg, Scott W. Sharp, Lubbock, Tex., Ira H. Parker, Ann S. DuRoss, Washington, D.C., for plaintiff-appellee.

Before GOLDBERG, POLITZ and JONES, Circuit Judges.

EDITH H. JONES, Circuit Judge:

This is a suit on a written guaranty. The Federal Deposit Insurance Corporation ("FDIC") brought this action against the seven members of the Board of Trustees of Midland Christian School in their individual capacities, seeking to recover the balance owing upon a promissory note executed by the school. The district court found that the trustees had guaranteed the school's debt in a unique document titled "Addendum to Midland Christian...

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