Federal Deposit Insurance Corporation v. James M. Inhofe, an Individual

SETH, Circuit Judge.

This is an appeal from a summary judgment for the Federal Deposit Insurance Corporation (FDIC) in an action brought by the FDIC (which had taken over the Bank of Commerce and Trust of Tulsa in May of 1986) against Mr. James M. Inhofe on his guaranties of obligations of a defunct borrower of the Bank, Quaker Life Insurance Company. The judgment was for about $663,500.. The FDIC Complaint sought recovery under the guaranties by Inhofe on the notes and leases for the balances due from Quaker. A claim for attorney fees provided in the note or notes is also asserted.

The basic…