Bank of Southside Virginia v. Candelario

In this appeal, we decide whether the trial court erred in failing to enforce a guaranty agreement executed by Kay D. Vincent, who later became Kay D. Candelario, (hereinafter referred to as Candelario) in favor of The Bank of Southside (the Bank) guaranteeing loans made by the Bank to the guarantor’s then husband, Branch W. Vincent, Jr. (Vincent).

The case is before the Court on a written statement of facts. On March 29, 1982, Candelario executed a guaranty for the indebtedness of Vincent to the Bank. The guaranty was unlimited as to time or amount. Prior to March 29, 1982, Candelario had…