Leventhal v. Krinsky

Leventhal, Krinsky, and one Curtin, the president and treasurer of Edwards Trailer & Body Co., Inc., hereinafter called Edwards, entered into an agreement to purchase eighty-three army trailers; Krinsky was to fur-the purchase price; Leventhal was to guarantee Krinsky against loss; Edwards was to sell the trailers; and the profits were to be equally divided among Leventhal, Krinsky, and Edwards. Krinsky furnished $25,000 as a down payment on the trailers. In order to aid and assist Krinsky and Leventhal to raise the unpaid balance of $39,325, Edwards .signed a note for $64,325, the full…