Legal Opinion
Shepherd Mall State Bank v. Johnson
Supreme Court of Oklahoma
Decided September 25, 1979No. 51883PublishedCited by 16 opinions
1Opinion of the Court
HODGES, Justice.
The question presented for determination on appeal is the effect of the execution of a guaranty agreement in blank.
Michael D. Johnson, appellee, on or about December 23, 1974, executed a standard form blank guaranty agreement which on its face had no date, no name of the lending institution to which the guaranty would run, and no debtor’s name. The guaranty was executed in the presence of John A. Shannon in return for stock in a corporation in which Johnson was an officer. Shannon was attempting to raise capital for the corporation. The purpose of execution of the blank…
2Cases cited2 opinions
- Hays v. SmithSupreme Court of Oklahoma · 1916
- Healthco, Inc. v. ZambelisMassachusetts Appeals Court · 1975
3Cited by16 opinions
- First City Bank, N.A., a National Banking Association v. Air Capitol Aircraft Sales, Inc., a Kansas Corporation, and Gary R. Morgan, an IndividualCourt of Appeals for the First Circuit · 1987
- Goss v. Trinity Savings & Loan Ass'nSupreme Court of Oklahoma · 1991
- Centerre Bank of Branson v. CampbellMissouri Court of Appeals · 1988
- Adams v. Madison Realty & Development, Inc.Court of Appeals for the Third Circuit · 1988
- Cinco Enterprises, Inc. v. BensoSupreme Court of Oklahoma · 1994
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