Legal Opinion

Schmuckie v. Alvey

Kentucky Supreme Court

Decided October 6, 1988No. 87-SC-670-DGPublished

1Opinion of the Court

758 S.W.2d 31 (1988)

Gretchen SCHMUCKIE, Appellant,

v.

James N. ALVEY and Mary E. Alvey, Appellees.

No. 87-SC-670-DG.

Supreme Court of Kentucky.

October 6, 1988.

William H. Lawrence, H. Joseph Marshall, Louisville, for appellant.

Fred E. Fischer, Louisville, for appellees.

LAMBERT, Justice.

Upon motion of appellant Gretchen Schmuckie, this Court granted discretionary review. The precise issue before us is whether a maker[1] of a promissory note may be discharged from liability as a result of the holder's impairment of collateral which secures payment of the instrument.

Appellees, James N. Alvey and Mary…

Also in this document: Dissent.

2Cases cited22 opinions

  1. Crimmins v. LowryTexas Supreme Court · 1985
  2. Farmers State Bank v. CooperSupreme Court of Kansas · 1980
  3. United States v. Unum, Inc. And Lance W. DreyerCourt of Appeals for the Fifth Circuit · 1981
  4. Common Wealth Insurance Systems, Inc. v. KerstenCalifornia Court of Appeal · 1974
  5. Peoples Bank of Point Pleasant v. Pied Piper Retreat, Inc.West Virginia Supreme Court · 1974

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