Nevada Bank of Commerce v. Esquire Real Estate, Inc.

OPINION

By the Court,

Collins, C. J.:

This is an appeal from a judgment of the lower court in favor of respondents relieving them of liability on a promissory note of which appellant was payee, Esquire Real Estate, Inc., was maker, and Calvin C. and Bette Magleby were guarantors. The judgment also awarded respondents $2,000 in counsel fees and their costs. We affirm the judgment.

On August 13, 1964, respondent Esquire Real Estate, Inc. (hereinafter referred to as Esquire), by and through Calvin C. Magleby and M. J. Schiff, officers of the corporation, executed a corporate promissory note in the…