Cranfill v. Union Planters Bank, N.A.
Court of Appeals of Arkansas
1Opinion of the Court
John Mauzy Pittman, Judge.
This is an appeal from the Craighead County Circuit Court’s entry of judgment to appellee Union Planters Bank against appellant G. Lee Cranfill, M.D., in the amount of $136,570. The central issue in this appeal is whether appellant was primarily hable on that debt or whether he was simply an accommodation party and, thus, only a surety on it. We hold that he was primarily Hable on the debt and affirm the circuit court’s decision.
Factual and Procedural History
Appellant, a physician, was a shareholder of Northeast Arkansas Internal Medicine Clinic, P.A. (Clinic), in…
2Cases cited40 opinions
- First Nat. Bank of Crossett v. GriffinSupreme Court of Arkansas · 1992
- Continental Casualty Company v. DavidsonSupreme Court of Arkansas · 1971
- Stephens v. Arkansas School for the BlindSupreme Court of Arkansas · 2000
- Smith v. Prudential Property & Casualty InsuranceSupreme Court of Arkansas · 2000
- Fowler v. Unionaid Life InsuranceSupreme Court of Arkansas · 1929
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