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PARK NAT. BANK v. GANDY

No. 78-794.

595 P.2d 704 (1979)

PARK NATIONAL BANK, a National Banking Association, Plaintiff-Appellee, v. Robert A. GANDY, Defendant-Appellant, and U.S. National Mortgage Company, a Colorado Corporation, Charles Ball, and Joseph A. Bullen, Jr., Defendants.

Colorado Court of Appeals, Div. II.

Rehearing Denied March 22, 1979.

Certiorari Granted May 21, 1979.

Attorney(s) appearing for the Case

Petersen & Fonda, P. C., William F. Mattoon, Pueblo, for plaintiff-appellee.

Ware & Marroney, David E. Ware, Pueblo, for defendant-appellant.

BERMAN, Judge.

Defendant, Robert A. Gandy, appeals from a judgment holding him liable in an action to enforce a continuing guaranty executed by him. We affirm.

The relevant facts, which were stipulated, are as follows. Plaintiff transferred $25,-000 to U.S. National Mortgage Co. in return for two promissory notes, one for $15,000 due in ninety days, the other for $10,000 due in sixty days. Both notes provided for interest at 11½% As part of the same transaction...

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