Sunwest Bank of Clovis, N.A. v. Garrett

OPINION

BACA, Justice.

Defendants-appellants Malcolm and Donna Garrett appeal the trial court’s order granting a directed verdict in favor of plaintiff-appellee Sunwest Bank of Clovis (Sunwest). We affirm.

I. FACTS

Curry County Grain & Elevator Co. (Curry County Grain) is a family owned and managed corporation. In 1985, Michael Garrett and his brother Malcolm Garrett were officers of Curry County Grain. Michael and his wife Clare Garrett and Maicolm and his wife Donna Garrett signed an unconditional and continuing guaranty (the “Guaranty”) that guaranteed payment of Curry County Grain’s corporate…