McNeal Construction Co. v. Wilson

Benham, Chief Justice.

Appellant McNeal Construction Company executed two promissory notes in favor of Thelma McNeal, one on December 1, 1986, and the other on December 1, 1989. Appellant Roy McNeal personally guaranteed the notes. Both notes were in the amount of $100,000, bore interest at the rate of 12 percent per year, and were payable on demand. Appellant McNeal Construction Company made regular interest payments on the notes until April 1991. Appellee Robbie Wilson, executrix of the estate of Ms. McNeal, made a written demand for payment on November 17, 1995. On July 31, 1996, Wilson…