First Tennessee Bank National Association v. Bad Toys, Inc.

OPINION

in which HERSCHEL P. FRANKS, P.J., and' CHARLES D. SUSANO, JR., J., joined.

First Tennessee Bank National Association (“the Bank”) sued Bad Toys, Inc. and Larry N. Lunan on a note that allegedly was “fully mature, owing and unpaid.” The note had been cross-collateralized with two other notes payable to the Bank. The three notes and the attendant guaranty agreements and security agreements were executed either by Bad Toys, Inc., Larry N. Lunan, or Susan H. Lunan (“Defendants” or as appropriate “the Lunans”). In addition to other collateral, shares of stock were pledged as collateral for…