Royal Banks of Missouri v. Fridkin

BENTON, Judge.

Royal Banks of Missouri 1 (“bank”) appeals from an adverse judgment on its petition to enforce a guaranty by Respondent Harold L. Fridkin (“Fridkin”).

In the fall of 1984 Respondent Fridkin was a leading backer of Kenneth Rothman, then in the final days of his bid for governor. Respondent agreed to raise $50,-000.00, which he accomplished by obtaining guaranties from several supporters totaling $50,000.00. Respondent personally agreed to guarantee $10,000.00, by a written “Guaranty” providing in part:

FOR VALUE RECEIVED, The undersigned (Guarantor) hereby absolutely and…