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This document summarizes a court case between University Bank and Trust Co. and Elaine Dunton regarding her liability under a guaranty agreement for loans made to her husband and his business. The district court found that Elaine Dunton was released from liability under the guaranty due to two factors: 1) The bank impaired the original agreement by making additional loans to her husband without notifying her; and 2) The bank applied proceeds from collateral pledged to the original loan to the subsequent, un

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Scribd Government Docs

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