Legal Opinion
Fryer & Willis Drilling Co. v. Oilwell, Division of United States Steel Corp.
Court of Appeals of Texas
Decided October 21, 1971No. 5078PublishedCited by 9 opinions
1Opinion of the Court
OPINION
HALL, Justice.
The appellants are R. J. Fryer and Fryer And Willis Drilling Company. Fryer is president of the drilling company. In the early part of 1968, Fryer began negotiating with the appellee, Oilwell, for an extension of credit by Oilwell to the drilling company.
On May 6, 1968, at Oilwell’s request, Fryer executed a guaranty in which it is stated that he unconditionally guarantees “payment at maturity of any and all indebtedness, including judgment,” which the drilling company may owe to Oilwell. The agreement contains this provision: “This guaranty shall be revolving and…
2Cases cited3 opinions
- Dallas Farm MacHinery Company v. ReavesTexas Supreme Court · 1957
- Sparkman v. McWhirterCourt of Appeals of Texas · 1953
- Tarrant Savings Association v. Lucky Homes, Inc.Texas Supreme Court · 1965
3Cited by9 opinions
- Oilwell Division, United States Steel Corp. v. FryerTexas Supreme Court · 1973
- Pruske v. National Bank of Commerce of San AntonioCourt of Appeals of Texas · 1976
- Sunjet, Inc. v. Ford Motor Credit Co., Texas Court of Appeals, 5th District (Dallas)1985
- First National Bank & Trust Co. of Enid v. HolstonSupreme Court of Oklahoma · 1976
- Fedders Corp. v. TaylorDistrict Court, D. Minnesota · 1979
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