Legal Opinion

Kennedy v. Joy Manufacturing Co.

Court of Appeals of Kentucky

Decided April 4, 1986PublishedCited by 5 opinions

1Opinion of the Court

COMBS, Judge.

This is an appeal from a summary judgment of the Jefferson Circuit Court, holding appellant personally liable under a guaranty agreement for a corporate debt to appellee.

Appellant Kennedy is a shareholder in and vice-president of the Marrick Company. In September of 1977, Kennedy executed a contract whereby he promised to guarantee the cost of merchandise and goods sold to the Marrick Company by appellee Joy Manufacturing Company. The Marrick Company subsequently filed a petition for bankruptcy and defaulted on the debt to Joy Manufacturing.

Joy Manufacturing filed this action…

2Cases cited4 opinions

  1. Childers & Venters, Inc. v. SowardsCourt of Appeals of Kentucky (pre-1976) · 1970
  2. McGowan v. Wells' TrusteeCourt of Appeals of Kentucky · 1919
  3. Citizens Fidelity Bank & Trust Co. v. LamarCourt of Appeals of Kentucky · 1977
  4. Liberty National Bank & Trust Co. v. RussCourt of Appeals of Kentucky · 1984

3Cited by5 opinions

  1. Ashland Oil, Inc. v. WarmannMissouri Court of Appeals · 1994
  2. Enzweiler v. Peoples Deposit Bank of BurlingtonCourt of Appeals of Kentucky · 1987
  3. Mentor Lumber & Supply Co. v. VictorOhio Court of Appeals · 1990
  4. Mentor Lumber & Supply v. VictorOhio Court of Appeals · 1990
  5. Providence Healthcare of Pine Meadows, LLC A/K/A Pine Meadowsidence Opco, LLC v. Keith Roark as Administrator of the Estate of Edd RoarkCourt of Appeals of Kentucky · 2020

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