Appeal dismissed and cross-appeal allowed; appellants held liable for full $150,000 guarantee amount.
The appellants appealed a summary judgment holding them liable for $75,000 on a guarantee, arguing they were no longer bound.
The respondent bank cross-appealed, seeking the full $150,000 amount of the guarantee.
The Court of Appeal dismissed the appeal and allowed the cross-appeal, finding that a letter signed by the appellants reestablished the full amount of the guarantee at $150,000, leaving no genuine issue for trial.
OCACourt of AppealJun 21, 2004
