Sperti Products, Inc. v. Container Corp. of America

STEINFELD, Chief Justice.

Appellee Container Corporation of America sued appellant Sperti Products, Inc., to recover a debt which it claimed Sperti Products, Inc. had guaranteed. The indebtedness arose by reason of extension of credit by Container Corporation of America to Juice Corporation. Hereinafter we shall refer to these corporations respectively as Container, Sperti and Juice. Judgment in favor of Container in the amount of *44$20,917.88 with interest was entered against Sperti, from which it appeals.1 We affirm.

On January 25, 1961, the Board of Directors of Sperti adopted a resolution…