Skip to main content
· 5/10/1977

First National Park Bank v. Snellen M. Johnson and Ven Savage

Citations

  • 553 F.2d 599

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

  • holding that an attorney fees provision allowing for recovery of attorney fees for enforcing a note did not provide for recovery of attorney fees in an action against the guarantor to enforce the guaranty agreement
  • neither language nor policy of Article 9 requires proscription of waiver by guarantor
  • “where a guaranty is unconditional, a creditor, at least absent willful or grossly negligent waste or misconduct, may recover a deficiency judgment from an unconditional guarantor without regard to the creditor’s treatment of the collateral.”
  • SBA case, applying Illinois law

Source: CourtListener parenthetical corpus (CC0).

Judges: Choy, Kennedy, Pregerson

Read full opinion on CourtListener

Sourced from CourtListener / Free Law Project (CC0).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.