Gulf & Basco Co. v. Buchanan

OPINION

LEVY, Justice.

This is an appeal from a take nothing judgment in a suit based upon a guaranty agreement.

Alan B. Buchanan (“Buchanan”), appel-lee, was sued in an individual capacity as alleged guarantor of the indebtedness of Alan Buchanan Builders, Inc., a corporation engaged in the construction of new homes. The Gulf & Basco Company (“Gulf & Basco”), appellant, was engaged in the business of supplying materials to the construction industry. Gulf & Basco began supplying Alan Buchanan Builders, Inc. in 1975 with materials, consisting mainly of windows and screens, under an open account…