Sumitomo Bank of Cal. v. Iwasaki

Plaintiff brought this action on a “Continuing Guaranty” agreement which provided that defendant guaranteed all present and future indebtedness of Mikio *84and Yo Nagayama to the extent of $5,000 principal plus interest. Plaintiff sought recovery of the amounts owed by the Nagayamas on three loans, one of which plaintiff made several months after defendant executed the continuing guaranty. The trial court entered judgment for plaintiff in the principal sum of $2,253.13, plus $215.45 interest and $235.00 attorney’s fees. Plaintiff appeals, alleging that the trial court erred in holding that…