Wilson Leasing Co. v. Seaway Pharmacal Corp.

53 Mich. App. 359 (1974)

220 N.W.2d 83

WILSON LEASING COMPANY

v.

SEAWAY PHARMACAL CORPORATION

Docket No. 15250.

Michigan Court of Appeals.

Decided May 29, 1974.

Seymour I. Rosenberg, for plaintiff.

Balgooyen, Daniels & Balgooyen, P.C., for defendants.

Before: R.B. BURNS, P.J., and DANHOF and O'HARA, JJ.

O'HARA, J.

This case was originally assigned to Judge R.B. BURNS for the preparation of the Court's opinion. He has fully set forth the necessary facts and we agree with his opinion except as to the holding concerning the application of the funds paid over by the individual guarantors of corporate debts.

We…