Rainford v. Rytting

CALLISTER, Justice:

Appellants, the Ryttings, '• appeal from a summary judgment holding them liable as guarantors of a corporate contract for the repurchase of its stock from plaintiff-respondent, Rainford.

The parties to this action were the shareholders, officers and directors of The Carriage House, Inc., a Washington corporation, engaged in the retail and wholesale merchandising business. Mrs. Rytting was president and owned 33 shares of stock; her husband was vice president and owned 32 shares; Rainford was secretary-treasurer and owned 25 shares.

On the 27th of May, 1966, the Ryttings, as…