Colonial American National Bank v. Kosnoski

OPINION

TURK, Chief Judge.

Colonial American National Bank (CNB) filed this action against Robert Kosnoski on December 8, 1977 to collect on a guaranty agreement executed by him on August 12, 1976. On June 5, 1975 a term note was executed by Edward G. Frye, III and John Barbour Frye in the amount of $372,272. This note was guaranteed by Frye Building Company, Edward G. Frye, III, John Barbour Frye, Ruth Townes Frye and Ernestine C. Frye. On the same date a term note in the amount of $200,000 was made by Frye Building Company and endorsed by Edward G. Frye, III and John Barbour Frye. A total of…