Rodney Haggard v. Bank of the Ozarks, Inc.

This appeal is from the grant of summary judgment in a diversity case in which the Plaintiff-Appellant is a limited partner in a partnership that received a loan from the Defendant-Appellee Bank. The dis pute stems from a limited guaranty agreement between the Bank and the Plaintiff-Appellant, who became a guarantor of the loan received by the partnership. The parties agree that the guarantor’s liability is limited to $500,000, and not the full liability of the loan, which originally was $1.6 million. The central issue is whether the guaranty agreement only requires payment from the guarantor…