Richard A. Diamond v. Bank of Alabama. Bank of Alabama v. Premier Business Centers, Inc., Richard A. Diamond, and O…

Summary

The court held that the promissory note and personal guaranty required reimbursement for payments made under the letter of credit, even though the related line-of-credit agreement had expired before the payments were made. The court concluded that the note and guaranty were independently enforceable and that the trial court properly entered judgment against Diamond. The court also held that BOA was entitled to interest under the note and remanded for determination of the proper amount.