Beach Community Bank v. Edward A. Labry, III

IN THE COURT OF APPEALS OF TENNESSEE AT JACKSON May 24, 2012 Session BEACH COMMUNITY BANK v. EDWARD A. LABRY, III, ET AL. Appeal from the Circuit Court for Shelby County No. CT-005144-09, Div. 5-J Kay S. Robilio, Judge No. W2011-01583-COA-R3-CV - Filed June 15, 2012 This case involves personal guaranties on a loan to purchase real estate. The Appellants entered into a partnership for the purpose of buying and selling real estate. The partnership obtained a loan in the amount of $2,611,000.00 to purchase real property located in Florida. The Appellants each signed a personal guaranty on the…