· 5/9/1994
Citizens & Southern National Bank of South Carolina v. Lanford
Citations
- 443 S.E.2d 549
- 313 S.C. 540
- 25 U.C.C. Rep. Serv. 2d (West) 491
- 1994 S.C. LEXIS 101
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- holding that the guarantor was not a party to the note and could not avail himself of defenses based on impairment of collateral
- holding a guarantor is not a party to a note and cannot avail himself of defenses based on the note
- \A guaranty of payment is an absolute or unconditional promise to pay a particular debt if it is not paid by the debtor at maturity.\
- \The law does not impose a duty . . . to explain to an individual what he could learn from simply reading the document.\
- “A guaranty of payment is an absolute or unconditional promise to pay a particular debt if it is not paid by the debtor at maturity.”
- bank has no duty to explain to an individual what he could learn by simply reading the document
Source: CourtListener parenthetical corpus (CC0).
Judges: Finney, Chandler, Toal, Moore, Goolsby
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
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