EQUITY TITLE, INC. v. FIRST NAT. BK. & TRUST

No. 89-2303.

564 So.2d 1182 (1990)

EQUITY TITLE, INC., and Terry W. Chandler, Appellants, v. FIRST NATIONAL BANK & TRUST, Formerly Known As First National Bank of Okaloosa County, Appellee.

District Court of Appeal of Florida, First District.

July 19, 1990.


Attorney(s) appearing for the Case

Walter A. Steigleman, Fort Walton Beach, for appellants.

Michael Wm. Mead, Fort Walton Beach, for appellee.


ALLEN, Judge.

Appellant, Terry W. Chandler, guarantor on a promissory note made by appellant, Equity Title, Inc., appeals from a judgment entered against him personally as guarantor. Chandler contends that he was released from his guaranty when the note was extended under terms materially altering the principal's original obligation. While we agree that the extensions materially altered the principal's obligation, we find that the evidence presented below provided...

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