Carroll v. Williams

BOLIN, Justice.

John Trotman Carroll appeals from a default judgment entered in favor of Alton D. Williams on Williams’s cross-claim against Carroll. We affirm.

Facts and Procedural History

On April 12, 2004, Southern Sports, Inc., which operated a retail sporting-goods store, executed a promissory note for $141,761.56 in favor of The Commercial Bank of Ozark (“Commercial Bank”), which was secured by a mortgage in favor of Commercial Bank on the store premises. Additionally, Southern Sports’ shareholders, Carroll and Williams, executed individual personal guarantee agreements guaranteeing…