Bells Banking Co. v. Jackson Centre, Inc.

FARMER, Judge.

This case comes before us for a determination of whether the trial court correctly adjudged the appellant, Jackson Centre, Inc. (“Jackson Centre” or “Corporation”), liable to the appellee, Bells Banking Company (“Bells Banking” or “Bank”), under a corporate guaranty agreement, executed by the then president and C.E.O. of the Corporation, Robert Roark. The agreement guarantees payment to the Bank of a line of credit (up to the principal amount of $120,000) extended to Modelink Corporation (Modelink), whose president was a Mr. B.G. Eady. A loan to Modelink in the principal amount…