MEMORANDUM OPINION AND ORDER
GEORGE HOWARD, Jr., District Judge.
This is an action instituted by Lois H. Wood, of Green County, Arkansas, against John L. Mangum, of Clinton, Missouri, to recover the sum of $25,000.00 pursuant to a guaranty agreement executed by Mangum on August 13, 1980, guaranteeing payment of a promissory note dated March 10, 1980, executed by Tank and Tower Erectors, Inc. (Tank) to Lois H. Wood as payee, in the sum of $45,000.00.
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