Lemay Bank & Trust Co. v. Lawrence

How courts have described this case

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

• meaning of words in guaranty agreement are understood in their plain and ordinary sense, when read in the light of the surrounding circumstances and the object intended to be accomplished
• “Any material alteration of the guarantor’s obligation under the guaranty contract will ... discharge the guarantor, unless the guarantor has consented to such alteration.” (emphasis added)

Source: CourtListener parenthetical corpus (CC0).