Cosmopolitan Financial Corp. v. Runnels

OPINION OF THE COURT BY

HAYASHI, C.J.

Appellant appeals from a judgment entered below finding liability against Appellee Runnels only on a promissory note due appellant.

The paramount issues raised on appeal are (1) whether the trial court erred in admitting testimony concerning contemporaneous statements made to defendants-appellees by the payee corporation’s officer to the effect that the promissory notes signed by them would not be enforced against them; and (2) whether indorsers-guarantors of a promissory note payable to a financial institution can be relieved of liability on the instrument…