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GRIFFIN v. FIRST NAT. BANK OF CROSSETT

No. 93-01302.

888 S.W.2d 306 (1994)

318 Ark. 848

Richard Earl GRIFFIN, Appellant, v. FIRST NATIONAL BANK OF CROSSETT, Appellee.

Supreme Court of Arkansas.

December 5, 1994.

Attorney(s) appearing for the Case

Hopkins & James, Little Rock, for appellant.

Gregory M. Hopkins, Patrick R. James, Little Rock, for appellee.

ROBERT SHULTS, Special Chief Justice.

On May 1, 1986, First National Bank of Crossett (the "Bank") loaned Bearhouse, Inc. ("Bearhouse") $490,000 and took a promissory note as evidence of the debt. Payment of the note was secured by a mortgage on real estate. In connection with the loan, Richard Earl Griffin ("Griffin") executed a guaranty "limited to 25% of the outstanding debt" plus "all expenses, legal and/or otherwise (including court costs and attorney's fees...

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