Roseborough v. Phillips

WILLIAMS, Justice.

V. P. Phillips brought this suit against Volneys’ Inc., a corporation, V. B. Phillips, Johnny Walker, D. S. Roseborough and L. R. Bright, on two promissory notes and to establish and foreclose a lien on certain real property. One promissory note, dated June 28, 1961, in the sum of $2,000 was executed by defendant Volneys’ Inc. The individual defendants, by a separate written guarantee, assumed personal liability in the event of nonpayment by Volneys’ Inc. The other promissory note was in the principal sum of $1,465.65 and was executed by all of the defendants. All of the…