Maykus v. Texas Bank & Trust Co. of Dallas

ROBERTSON, Justice.

Frank Maykus, Jr., appellant, was sued by Texas Bank & Trust Company on a guaranty agreement by which he allegedly personally guaranteed an obligation of Maykus Diversified, Inc., a corporation which he controlled. In defense, appellant asserted that the guaranty was not executed to secure the corporate obligation and, alternatively, that the guaranty agreement was not supported by consideration. The trial court directed a verdict for the bank, and this appeal followed. We affirm.

On December 4, 1972, appellant, in his corporate capacity as president of Maykus Diversified,…