Loving & Associates, Inc. v. Carothers

How courts have described this case

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

• stating that “[b]ecause a guaranty is a contract, its terms must be understood in their plain and ordinary sense in light of the parties’ intentions and the circumstances under which the guaranty was given”
• stating that a factor in determining whether the guarantor should be released from liability is whether there has been a material increase in the risk assumed by the guarantor at the time he signed the guaranty

Source: CourtListener parenthetical corpus (CC0).