First State Bank v. Benson

PRITCHARD, Presiding Judge.

The issue is whether appellants are liable on a written guaranty for a promissory note given by Certified Meats, Inc., to respondent because of alleged extensions given on the note after appellants had given notice of cancellation of the guaranty.

The facts are these: Appellant, Frank Benson, III, in 1972 began an association with Leonard Adkins with Certified Meats, Inc., a wholesale meat distribution company. Adkins desired to increase the scope of the operations of the company in part by purchasing and reselling at wholesale perishable pork products. Because the…