Seafirst Commercial Corp. v. Speakman

OPINION

RANDALL, Judge.

Transport Leasing Company (TLC) defaulted on a note for $244,687.49 in favor of Seafirst Corporation. Seafirst repossessed the collateral, which consisted of six buses, and proceeded against the guarantors on the note, John R. Speakman, Richard A. Johnson, George O.R. Carlson, and Ralph Dickenson. Seafirst’s claims against Dickenson have been resolved in a separate proceeding. The remaining guarantors are appellants in this action, as well as shareholders in TLC.

Seafirst obtained summary judgment against appellants for $182,571.68, representing the balance due on the…