Associates Commercial Corp. v. Storey

Benham, Judge.

In a suit on a guaranty, a jury awarded appellant $8,281.24 principal and accrued interest and $4,839.27 post-maturity interest, and the trial court entered judgment accordingly. Appellant appeals from the trial court’s grant of a directed verdict to appellees/debtors on appellant’s claim for contractually authorized attorney fees.

Appellant and Transroad, Inc., executed a promissory note and security agreement obligating Transroad to repay $204,936. Under the terms of those documents, Transroad was to be in default if it failed to make its monthly payments to appellant or if it…