Meacham v. Oklahoma Bank & Trust Co.

BOX, Judge:

An appeal by Clint Meacham from a judgment in favor of the Oklahoma Bank & Trust Company on a directed verdict. The Bank sought a judgment against Clint Meacham on a guaranty of the indebtedness of Bill Meacham d/b/a Bill Meacham Chevrolet. Although both Clint Meacham and Bill Meacham were defendants below, in this opinion we will refer to Clint Meacham as “the defendant.”

It appears that in the late 1960’s Bill Meacham owned and operated Bill Meach-am Chevrolet in Cordell, Oklahoma. On November 6, 1967, the defendant executed the contract of guaranty in question, which reads in…