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ITT DIVERSIFIED CREDIT CORP. v. McMEANS

Civ. 7709.

585 So.2d 43 (1990)

ITT DIVERSIFIED CREDIT CORPORATION v. E.J. McMEANS, et al.

Court of Civil Appeals of Alabama.

Rehearing Denied September 26, 1990.

Certiorari Quashed July 26, 1991

Attorney(s) appearing for the Case

Susan B. Anderson and Barry A. Ragsdale of Sirote & Permutt, Birmingham, for appellant.

Thomas A. Carraway of Rives & Peterson, Birmingham, for appellees.

Alabama Supreme Court 1900107.

ROBERTSON, Judge.

This case involves the rights of an assignee of a personal guaranty agreement.

A guaranty agreement was executed in favor of Central Bank and Trust Company (Central Bank) by E.J. McMeans, Cecil F. Hackney, and John R. Hackney (appellees) in April 1974, to guarantee payment of any indebtedness incurred by Birmingham Appliance and Radio Corporation (Birmingham Appliance) under a "floor plan" arrangement...

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