FIRST COMMERCIAL BANK v. McGAUGHEY BROS.

No. CA 88-273.

785 S.W.2d 236 (1990)

30 Ark.App. 174

FIRST COMMERCIAL BANK, N.A., Appellant, v. McGAUGHEY BROTHERS, INC. and J.C. McGaughey, Appellees.

Court of Appeals of Arkansas, En Banc.

February 28, 1990.


Attorney(s) appearing for the Case

Michael G. Thompson, Guy Wade, Little Rock, for appellant.

James A. McLarty, Newport, for appellees.


JENNINGS, Judge.

Appellant, First Commercial Bank, brought suit against McGaughey Brothers, Inc., and, in the alternative, J.C. McGaughey, individually, on an instrument of guaranty, seeking judgment for $160,000.00. The guaranty agreement was signed by J.C. McGaughey as vice president for the corporation. A jury found no liability on behalf of either the corporation or Mr. McGaughey individually. We conclude that the case must be reversed and remanded.

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