Holland v. First National Bank in Dallas

GUITTARD, Chief Justice.

First National Bank in Dallas brought this suit against Robert B. Holland, Jr. on a “continuing” guaranty of the obligations of United Car Wash, Inc. The trial court instructed a verdict for the bank, and Holland *408contends on this appeal that the claim is barred by limitation. The principal questions presented are whether the guaranty covers a renewal of the indebtedness by the principal obligor and the effect of such a renewal after the bank had accelerated maturity of the original note and made claim against the guarantor. We hold that the guaranty, by its terms,…