G. Adams Ltd. Partnership v. Durbano

OPINION

ORME, Judge:

Appellants are makers on (they say guarantors of) a note held by plaintiffs and initially secured by a trust deed. That trust deed was junior to a trust deed which was foreclosed nonjudicially. No proceeds from that sale were available to apply toward the obligation evidenced by the note at issue in this action. In due course, plaintiffs commenced this action to collect the full amount due on their now-unsecured note. They were awarded summary judgment, from which this appeal is taken.

Appellants raise two basic issues. First, they claim plaintiffs’ action is statutorily…