Moman v. Walden

OPINION

LEWIS, Judge.

Plaintiff Lincoln W. Moman filed his complaint against defendant, Commerce Union Bank (Bank), and sought to set aside a “Suretyship Agreement” he and his wife, third-party defendant Toni Wine Moman (Mrs. Moman), had signed guaranteeing $150,000 of a $300,000 debt of Triad Entertainment Corporation (Triad).

Both Momans alleged they signed the “Suretyship Agreement” under economic duress. Moman also sued Phil Walden, a co-owner of the corporation, who had, along with Walden’s wife, signed a separate “Suretyship Agreement.” Moman sought contribution and indemnity from Walden.

Th…