Contract Guaranty

Contract Guaranty

By , Apr 29 in Law with 0 comments

Addition of new collateral to Note did not release guaranty 
“To recover on a contract of guaranty, a creditor must show “’(1) that the defendant executed the guaranty, (2) that the defendant unconditionally delivered the guaranty to the creditor, (3) that the creditor, in reliance on the guaranty, thereafter extended credit to the debtor, and (4) that there is currently due and owing some sum of money from the debtor to the creditor that the guaranty purports to cover.’”
Pulaski Bank, Respondent, vs. Nantucket Partners, L.C., a Missouri Limited Liability Company, and Julian Hess, Defendants, and Keith Barket, Appellant, ED 99060.

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