Bullock v. Kehoe

OPINION

PAUL PRESSLER, Justice.

Appellee recovered on guaranty agreements given by each of the appellants. We affirm.

In May 1972, appellants each guaranteed $50,000 of a note for $312,564.85 which was given by C.J. Kehoe to appellee as part of the property settlement agreement incident to their divorce. Each guaranty recites the principal amount of the note as $312,-564.85, with interest only payable quarterly for the first five years, and all principal and accrued interest payable six years from its date. The guaranty agreements were obtained at least one month before the actual note was…