Dixon v. Cook Banking Co.

Deen, Presiding Judge.

On July 24,1982, J. M. Dixon and his son, Ferrell Dixon, signed a promissory note in favor of the appellee in the amount of $13,000. As the younger Dixon’s indebtedness increased, the father became unwilling to be responsible for any further indebtedness and on January 10, 1983, signed a “Letter of Guaranty” promising to pay $13,000 against his son’s credit line or outstanding notes. On September 15, *8621986, appellants executed a promissory note in favor of the appellee in the amount of $20,000, which was due on March 14, 1987, and was secured by a deed to secure debt.…