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What is Bunker v. First Nat. Bank: Guaranty Dispute about?
This document summarizes a court case from the United States Court of Appeals for the Eighth Circuit regarding a personal guaranty. The bank claimed that Bunker had personally guaranteed loans for washing machine equipment through signing guaranty forms. Bunker argued he did not validly execute the guaranties due to fraud, incompetence or lack of consideration. The trial court directed a verdict for the bank, finding Bunker had ratified any guaranties through subsequent actions. The appellate court reversed
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