Janus v. Sproul

Lewis S. Janus instituted this litigation by filing a bill of complaint against William A. Sproul, III, alleging breach of contract. In June 1989, Sproul, as chairman and treasurer of Devon Land Ashley Farms Corporation, executed a note for $75,000 in favor of Janus. Janus asserted that Sproul also orally agreed to personally guarantee payment of the note and “reduced said guaranty to writing” in a July 6, 1989 letter. Sproul rejected Janus’s subsequent demand for payment.

Prior to a hearing on the complaint, Sproul filed a plea in bar asserting that Janus’s claim was barred by the Statute of…