Gordon v. State National Bank

On 31 August 1965, Milton Gordon and Adrienne Gordon, his wife, the defendants below and appellants here, delivered to the plaintiff-appellee, State National Bank of Bethesda (the Bank), an agreement 1 which was intended to guarantee a loan to be made by the Bank to Frontiers Capital Corporation (Frontiers).

On 29 August 1966, Frontiers, of which Gordon was treasurer, borrowed $19,000 from the Bank on a 90-day confessed judgment note. When the note was not paid, the Bank, on 16 February 1967, entered a judgment by confession in the Circuit Court for Montgomery County against Frontiers and Mr.…