Legal Opinion
Pascoe Steel Corp. v. Shannon
Supreme Court of Virginia
Decided December 3, 1982No. Record 800915PublishedCited by 6 opinions
1Opinion of the CourtRussell, J.
This appeal presents a question as to the efficacy of a written guaranty agreement. Pascoe Steel Corporation, payee of a promissory note dated April 19, 1977, purportedly made by Piedmont Development Corporation, sued Joe F. Hale and Russ L. Shannon on a written guaranty agreement they had signed, which guaranteed the prompt payment of any debt which Piedmont “may now or at any time hereafter owe to Pascoe.” Hale made no appearance and suffered a default judgment. Shannon filed grounds of defense.
At a bench trial Pascoe introduced the note and guaranty agreement. Shannon admitted that he and…
2Cases cited3 opinions
- Big Vein Pocahontas Co. v. BrowningSupreme Court of Virginia · 1923
- Looney v. BelcherSupreme Court of Virginia · 1937
- Barrett v. Vaughan & Co.Supreme Court of Virginia · 1935
3Cited by6 opinions
- Medcom, Inc. v. C. Arthur Weaver Co.Supreme Court of Virginia · 1986
- Petra International Banking Corp. v. First American BankDistrict Court, E.D. Virginia · 1991
- Bank of Southside Virginia v. CandelarioSupreme Court of Virginia · 1989
- Gritz Harvestore, Inc. v. A.O. Smith Harvestore Products, Inc. v. L.H. Gruetzmacher, Third-PartyCourt of Appeals for the Third Circuit · 1985
- Restaurant Co. v. United Leasing Corp.Supreme Court of Virginia · 2006
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