Greenwell v. American Guaranty Corp.

American Guaranty Corporation (American Guaranty) brought suit against Dr. and Mrs. Charles Greenwell in the Circuit Court for St. Mary’s County to enforce the Greenwells’ guaranty of a lease of industrial equipment. From a summary judgment for $22,650.10 together with interest and costs entered against the Greenwells in favor of American Guaranty, the Greenwells have appealed.

American Guaranty is in the business of leasing equipment to industrial and commercial users, Burton v. Tatelbaum, 240 Md. 280, 213 A. 2d 875 (1965). In 1961, the Greenwells’ son, Joseph Greenwell, who was president of…