Brannon v. Langston

PATTERSON, Chief Justice, for the Court:

Following a jury trial in the Circuit Court of Madison County upon a promissory note, judgment was entered in accord with the jury verdict for the defendant/guarantor. Plaintiff, holder of the note, appeals, assigning as error the refusal of the trial court to instruct the jury that an oral agreement supported by consideration between the guarantor of a negotiable instrument and the holder cannot defeat that holder’s right to enforce the instrument.

*232Langston, appellee, was the President of Air-Charter, Inc. In consideration of Bran-non’s $10,000 loan to…