Sun Bank/Treasure Coast, National Ass'n v. Goldman

FARMER, Judge.

Sun Bank appeals a summary judgment in its suit against the personal guarantors of a promissory note given by a corporation in which they were directors. The trial court concluded that extensions of time given by Sun Bank to the corporate maker and a “recomposition” of the maker into a different corporation both released the guarantors from any liability to the bank. We reverse.

The language of the guaranty deals with both aspects. Initially it describes the obligation of the guarantors as absolutely and unconditionally extending to payment of a specified note “together with any…