Hickory Springs Manufacturing Co. v. Evans

OPINION

FONES, Chief Justice.

This suit against two guarantors was decided adversely to the creditor ⅛ both of the courts below. ”

Evans and Gose owned all of the stock of Star-Line Manufacturing Company, a Tennessee corporation, in February, 1970, when the guaranty was executed. Star-Line, a furniture manufacturer, was purchasing materials from petitioner on a C.O.D. basis. For the purpose of establishing a line of credit, respondents Evans and Gose agreed to individually guarantee the indebtedness of Star-Line to the extent of ten thousand ($10,000) dollars.

In February, 1972, Evans purchased…