Harris v. Shelton

CRAWLEY, Judge.

The parties are coguarantors of several loans made by First Commercial Bank of Huntsville (“the Bank”) to The Milling Company Enterprises, Inc. (“the Mill”), which operated a restaurant in Huntsville. The Mill defaulted on the loans, and the Bank called upon the guarantors for payment of the balances due. The Harrises and the Lovells paid off the loans and then sued the Sheltons, seeking contribution of their pro rata shares of the loan guarantees. (The record indicates that the Shel-tons are divorced and that the divorce judgment requires Steven Shelton to indemnify Julie…