Bauer v. Valley Bank of El Paso

OPINION

OSBORN, Justice.

This is an appeal from a judgment based upon a promissory note and a guaranty agreement. We affirm.

The Valley Bank of El Paso brought suit upon a promissory note of Gateway Investment Company and a written guaranty agreement signed on the same date as the note by Carlton C. Freed and L. F. Bauer, officers of Gateway. Only Mr. Bauer appeals from the judgment in favor of the Bank. In his answer, Mr. Bauer pled a general denial, and also affirmatively alleged that at the time the guaranty was signed, the President of the Bank represented that no reliance would be placed on…