Court Opinion

ID: 9587224
Source: CourtListenerOpinion
Date Created: 2023-08-21 23:19:40.362261+00
Date Added: 2024-06-11T17:35:56.663832
License: Public Domain

Judge Brock
dissenting:
The guaranty agreement sued upon in this case reads in part as follows:
“ . . . I (we) do hereby guaranty to EAC Credit Corporation, . . . the payment when due of any and all notes, accounts receivable, conditional sales contracts, chattel mortgages, indebtedness and liability ... at any time made or incurred by Landmark Inn of Durham, Inc., ... to said Company, or acquired by said company and any and all commercial paper at any time purchased or acquired from said debtor, by said Company, and endorsed by said debtor to said Company, with or without recourse, whether said commercial paper so made or incurred, or so purchased and acquired, be retained by said company or transferred before or after maturity, with or without recourse.
*487“Said company without notice to me (us), may elect which specific commercial paper this guaranty shall apply to and, from time to time, may change its election.
“The liability of the undersigned is direct and unconditional and this guaranty is given without regard to any security, or otherwise, and shall be effective as to any of said commercial paper as if no other guaranty or security had been given therefor. ... I (we) waive notice of the acceptance of this guaranty, notice of the commercial paper to which the same shall apply, also presentment, demand, protest, and notice of protest on any and all such commercial paper. No renewal or extention of time of payment of any commercial paper, and no release or surrender or other security for such commercial paper, or delay in enforcement of payment of the principal obligation or any security thereto shall affect my (our) liability thereon, even though such renewal or extension or release or surrender may have been given subsequent to my (our) death. . . .
“This guaranty shall be a continuing one and shall remain in force until written notice from me (us) of its discontinuance shall be received by said company, and until all commercial paper and liability covered hereby, existing at the time of such notice, shall have been fully paid.”
In my opinion a guaranty with language as broad as set out above contemplates and covers the payment of attorney fees as provided for in the debtors’ obligation to plaintiff.
I vote to affirm the judgment appealed from.