Hendershot v. Charleston National Bank

563 N.E.2d 546 (1990)

William P. HENDERSHOT, Appellant (Defendant below),

v.

CHARLESTON NATIONAL BANK, Appellee (Plaintiff below).

No. 27S02-9011-CV-746.

Supreme Court of Indiana.

November 27, 1990.

C. Robert Rittman, Biddinger & Johnson, Marion, for appellant.

Michael J. Kiley, Kiley, Osborn, Kiley, Harker, Rogers, Michael & Certain, Marion, David L. Wyant, Shuman, Annand & Poe, Charleston, W. Va., for appellee.

SHEPARD, Chief Justice.

This case presents an issue of first impression: whether a guarantor or surety[1] is released from his obligation when a creditor settles with and releases the primary…