Gilsey v. Francis

How courts have described this case

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

• holding that change in parties’ relationship did not terminate guarantee contract, which provided that it “shall remain in full force and effective irrespective of any interruptions in . . . business relations” but could be terminated via writing
• “the undersigned hereby guarantees, absolutely and unconditionally, to the Bank the payment of all liabilities of the Borrower to the Bank of whatever nature, whether now existing or hereafter incurred”
• expressly indicating that an instrument “is a continuing guarantee” sufficiently reflects an intent to cover post-executed obligations and “is not limited to the life of the loans executed contemporaneously therewith.”
• defense of lack of further consideration and cessation of underlying business relationship
• defense of lack of further consideration and cessation of underlying business relationship
• continuing guaranty is not limited to loans executed contemporaneously

Source: CourtListener parenthetical corpus (CC0).