Gentry v. Highlands State Bank

PAUL PRESSLER, Justice.

This is an appeal from a summary judgment against the guarantors on a promissory note.

On October 24, 1979, Baytown Sports Center, Inc. borrowed $187,000 from appel-lee. A promissory note was given. It was secured by the inventory then owned and thereafter acquired by the Sports Center, and by written guaranty agreements executed by Thomas C. Gentry, Robert A. Kerr, Fred C. Dittman, Jr. (appellants) and E. Phillip Elam. The note was payable in eleven equal monthly installments of $1,500, plus accrued interest to date of payment, and a final installment of $170,500, plus…