Weisser v. Federal Deposit Insurance Corp.

Defendant-debtor, Michael Weisser, appeals a final judgment for $42,875.83 entered in favor of the Federal Deposit Insurance Corporation as liquidator of the Franklin National Bank in an action to collect the balance due on a promissory note and guarantee agreement.

In 1969 Michael Weisser executed a promissory note in the amount of $60,000 in favor of Franklin National Bank. Subsequently, he executed a guarantee of a $20,-000 note of M.H.W., Ltd., and on May 11, 1970 further executed an agreement reflecting that there was due and owing Franklin National Bank $52,000 under the promissory note…