Ford Motor Credit Co. v. Jackson

FORET, Judge.

This action arises out of a continuing guaranty agreement signed by defendant, Robert Harger, in favor of Ford Motor Credit Company (Ford Motor Credit).

FACTS

On September 15, 1980, Combined Equities, Inc. executed a promissory note in favor of Ford Motor Credit secured by an Aircraft Security Agreement of even date *587therewith, affecting one 1980 Piper aircraft. As further security, Ford Motor Credit obtained a continuing guaranty agreement signed by Robert Jackson, E. Hardy Swyers, Glenn C. Bodin, and defendant herein, Robert Harger. Subsequent thereto, Combined Equities sold the…