Anderton v. Certainteed Corp.

Cooper, Judge.

Blair Anderton (“Anderton”) is the president of AS&G, a distributor of insulation products and General Insulation Company (“General”), a major subpurchaser of products from AS&G. Certainteed Corporation (“Certainteed”), a manufacturer of building products, sold insulation materials to AS&G Services, Inc. (“AS&G”) on account. In 1988, AS&G’s account became in arrears and Certainteed requested that General execute a corporate guaranty in favor of Certainteed guaranteeing all of AS&G’s obligations to Certainteed. The corporate guaranty was signed by Anderton’s brother, James…