RANDOLPH G. JORDAN, APPELLANT,
v.
KEYS COVE MARINE, INC., APPELLEE
RANDOLPH G. JORDAN, APPELLANT,
KEYS COVE MARINE, INC., APPELLEE
719 So. 2d 378
Florida District Court of Appeal, Third District (1998)
Positive Treatment
Cited by 2 cases
Opinion of the Court
PER CURIAM.
Because the note and mortgage personally guaranteed by appellant/defendant Randolph G. Jordan were satisfied as reflected in the satisfaction of mortgage executed by Keys Cove Marine, Inc., we reverse the “final [deficiency] judgment for plaintiff” and remand for the entry of final judgment in favor of Jordan. See Matey v. Pruitt, 510 So. 2d 351 (Fla. 2d DCA) (once debtor’s obligation has been paid or otherwise satisfied, guarantor’s obligation is terminated), rev. denied, 518 So. 2d 1276 (Fla.1987).
Reversed and remanded.
Cases With Similar Vibessemantic neighbors from the corpus
Citator
Cited By
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Amerishop Mayfair, L.P. v. Billante, 833 So. 2d 806 (Fla. 3d DCA 2002)…the tenant’s obligations ceased, Billante’s obligations ceased also. We therefore conclude that Billante’s obligations terminated once the lease termination agreement discharged La Fontaine Restaurant’s obligations. Jordan v. Keys Cove Marine, Inc., 719 So. 2d 378 (Fla. 3d DCA 1998). See also Matey, supra. Amerishop, however, maintains that because the lease termination agreement contained language that it did not release or impair any right of Amerishop to proceed under the rental guaranty against Billante,…
Authorities Cited
- Matey v. Pruitt, 510 So. 2d 351 (Fla. 2d DCA 1987)