Halliburton Company v. McPheron

COMPTON, Chief Justice.

This is an appeal from a judgment in favor of defendant below dismissing the complaint of the plaintiff in its action to recover certain indebtedness of Bishop Canyon Uranium Corporation under a written letter of guaranty. The trial court found that the letter of guaranty was executed on the condition that it would not be effective and binding unless and until another person signed the same or a like guaranty, and concluded that on the failure of such other person to sign a like guaranty, the defendant did not become bound and obligated.

The sole issue before this court…