Texas Court of Appeals, 11th District (Eastland) May 23, 2002, 11-01-00345-CV (Farmers & Merchants State Bank of Krum v. Reece Supply Company)

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Opinion

AUSTIN McCLOUD, Senior Justice.

The issue in this summary judgment case is whether the guaranty agreement is an unconditional payment guaranty or a collateral conditional guaranty. Reece Supply Company (Reece) sued Farmers & Merchants State Bank of Krum (Farmers) on a guaranty agreement signed by Farmers. The trial court granted Reece’s motion for summary judgment. Farmers appeals.