Bankers Trust v. Collins

This action was commenced by Bankers Trust of South Carolina, hereafter referred to as “the Bank,” against Fred J. Collins, Jr., hereafter referred to as “Collins,” to recover on a general guaranty agreement. The guaranty agreement was executed by Collins to insure the payment of a promissory note in the amount of $46,242.99 from Fay A. Cannon to the Bank. The Bank sought to recover the amount of $8,209.25, together with interest and attorney’s fees. The action came on to be tried before a jury and resulted in a directed verdict in favor of the Bank. Collins appeals.

During the course of the…