Camp v. First Financial Federal Savings & Loan Ass'n

772 S.W.2d 602 (1989)

299 Ark. 455

Worth CAMP, Jr., Appellant,

v.

FIRST FINANCIAL FEDERAL SAVINGS AND LOAN ASSOCIATION, Appellee.

No. 89-30.

Supreme Court of Arkansas.

July 10, 1989.

John P. Gill, Little Rock, for appellant.

Ian W. Vickery, El Dorado, for appellee.

DUDLEY, Justice.

Appellant, Worth Camp, Jr., co-signed a $25,000 promissory note payable to appellee, First Financial Federal Savings and Loan Association. The purpose of the transaction was to establish a line of credit for an inventory of used cars to be resold by Rusty Jones, a used car dealer who was the other co-signer. The note was…