Kaiser Aluminum & Chemical Sales, Inc. v. Lords

CALLISTER, Justice.

Plaintiff initiated this action against the defendants on their written guarantee for the prompt payment and performance of obligations of Western States Wholesale Supply, a corporation, in which defendants held the positions of president and vice president.

Defendants asserted in their answer that on or about October 1, 1966, plaintiff, through its authorized agent, entered into-an accord and satisfaction with the defendants, whereby the plaintiff received a return of its merchandise, which was in possession of defendants and Western, in consideration of the full…