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GRAYSON v. PLATIS

Nos. 40897-6-I, 41099-7.

978 P.2d 1105 (1999)

95 Wash.App. 824

Ronald A. GRAYSON, as Trustee of the Tanaka Trust, Appellant, v. George PLATIS, a single man; Harry B. Platis, and the marital community of Harry B. Platis and Alethea Ann Platis, husband and wife; and Harry B. Platis, Inc., P.S., a Washington professional services corporation, Respondents. Harry B. Platis and Alethea Ann Platis, husband and wife; and Harry B. Platis, Inc., P.S., a Washington professional services corporation, Third Party Plaintiffs, v. Aeneas Valley Ranch I Limited Partnership, a Washington limited partnership; James S. Platt and Jane Doe Platt, his wife, and the marital community composed thereof; George Platis, a single man; and John Does I, II, III, IV, V, and VI, Third Party Defendants.

Court of Appeals of Washington, Division 1.

Publication Ordered June 4, 1999.

Attorney(s) appearing for the Case

Catherine W. Smith, Howard M. Goodfriend, Edwards, Sieh, Smith & Goodfriend, John W. Hathaway, Seattle, for Appellant.

David Utevsky, Foster, Pepper & Shefelman, Seattle, for Defendant George Platis.

John T. John, Estera F. Gordon, Graham & Dunn, Seattle, for Respondents.

GROSSE, J.

If a guarantor unconditionally promises payment of an obligation on behalf of a debtor, the guaranty is deemed absolute. And absent fraud or bad faith, an absolute guarantor has no recourse against the lender outside the provisions of the guaranty. The parties here altered the provisions of a guaranty so as to provide Harry Platis with a right to notice of actions resulting in impairment of collateral the Tanaka Trust held in consideration for the underlying...

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