Cating Rope Works, Inc. v. Johnson

In an action to set aside a conveyance as a transfer in fraud of creditors, plaintiff moves for summary judgment.

On January 6, 1958 the defendant Peter C. Johnson (hereinafter called the “ defendant ”) and three other persons executed a written guarantee of payment of all sums then due and payable or thereafter to become due and payable from Hoffman Roberts Cordage Corp. to the plaintiff. On that date, Hoffman was indebted to the plaintiff in the sum of $17,561.98 for merchandise previously purchased. Defendant was then an officer, director and stockholder of Hoffman and had been employed by…