Deere & Co. v. Loy

MEMORANDUM AND ORDER

VAN BEBBER, District Judge.

I. Introduction

This is a diversity of citizenship action brought to enforce an unconditional guaranty. Plaintiff Deere & Company (Deere) contends that K.I. Loy executed an uncondition al guaranty of the debts of Southeast Equipment, Inc. (Southeast), a John Deere dealer located in Oswego, Kansas. Defendant K.I. Loy contends that a letter dated July 24, 1985, authored by a third party, effectively revoked his guaranty. Plaintiff contends that the letter of revocation was ineffectual because it did not conform with the requirements of the guaranty…