Branan v. Equico Lessors, Inc.

Marshall, Chief Justice.

This is a suit by the appellee, a creditor of a corporation, against the appellant, an officer of the corporation who had personally guaranteed a corporate debt. The debt was not paid, and the collateral securing the debt was repossessed and liquidated. However, the proceeds of the sale were insufficient to satisfy the debt, and the appellee sued the appellant to recover the deficiency. The appellant complained that he had not received notice of the liquidation sale, although he had waived his right to receive such notice. The trial court partially granted the…