Rock Hill National Bank v. Honeycutt

Cureton, Judge:

James L. Honeycutt, individually and as executor of his wife’s, Sue D. Honeycutt, estate (Honeycutts), is the surviving guarantor of a note executed by the Honeycutts’ wholly owned corporation and secured by real estate personally owned by the Honeycutts. The trial judge rendered a foreclosure decree against the Honeycutts’ property after the corporation’s debts had been discharged in bankruptcy. The Honeycutts appeal. We affirm.

The Honeycutts were sole shareholders of Mac-Fab, Inc. In 1976 Mac-Fab borrowed Seventy-eight Thousand, Four Hundred Thrity-three Dollars and…