Medley v. SouthTrust Bank of the Quad Cities

500 So.2d 1075 (1986)

Oscar MEDLEY

v.

SOUTHTRUST BANK OF THE QUAD CITIES.

85-729.

Supreme Court of Alabama.

December 12, 1986.

J.A. Dardess, Sheffield, for appellant.

John D. Clement, Jr., Tuscumbia, for appellee.

JONES, Justice.

This case involves a suit on a guaranty agreement. We affirm in part and reverse in part.

SouthTrust Bank of the Quad Cities sued Oscar Medley on a guaranty contract executed by him to Muscle Shoals National Bank (now SouthTrust) on May 2, 1979, guaranteeing the debts of his son, Roy Medley, d/b/a Medley & Company. This case was instituted as a result of Medley & Company's…