Hendershot v. Charleston National Bank

BUCHANAN, Judge.

CASE SUMMARY

Defendant-appellant William Hendershot (Hendershot) appeals a judgment in favor of the Charleston National Bank (Bank) in its suit to recover on a loan to which he was a guarantor, claiming the trial court erred when it determined the Bank's compromise with the principal did not discharge him from his guaranty agreement.

We reverse.

FACTS

The facts most favorable to the judgment reveal that Hendershot was the president of Mastercoach, Inc. (Mastercoach), a West Virginia corporation, when it entered into an agreement with the Bank (a West Virginia bank) to obtain a $1…