Legal Opinion

Horner v. First Nat. Bank of Mobile

Supreme Court of Alabama

Decided June 7, 1985No. 84-239PublishedCited by 25 opinions

1Opinion of the Court

This is an appeal from a summary judgment in favor of the First National Bank of Mobile, creditor, against the guarantor on a note. We affirm.

Sometime prior to September 1982, Horner Cabinets, Inc., a corporation, was formed. The incorporators and officers included John Horner and Avis C. Horner, husband and wife. Avis Horner was secretary-treasurer of the corporation.

On September 29, 1982, John and Avis C. Horner signed a guaranty agreement whereby they agreed to unconditionally guarantee payment to the bank of all sums of money loaned to the corporation, Horner Cabinets, Inc., up to…

2Cases cited5 opinions

  1. Morris v. MorrisSupreme Court of Alabama · 1978
  2. Gunnels v. JimmersonSupreme Court of Alabama · 1976
  3. Real Coal, Inc. v. Thompson Tractor Co.Supreme Court of Alabama · 1980
  4. FEDERAL LAND BANK, ETC. v. Terra Resources, Inc.Supreme Court of Alabama · 1979
  5. Shipp v. First Ala. Bank of Gadsden, N.A.Supreme Court of Alabama · 1985

3Cited by25 opinions

  1. Perry v. Mobile CountySupreme Court of Alabama · 1988
  2. McCausland v. Tide-Mayflower Mov. & StorageSupreme Court of Alabama · 1986
  3. McMullin v. AmSouth BankCourt of Civil Appeals of Alabama · 1987
  4. Oliver v. TownsendSupreme Court of Alabama · 1988
  5. Faith, Hope and Love, Inc. v. First Alabama BankSupreme Court of Alabama · 1986

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