Dunlop Tire & Rubber Corp. v. SERVICE MERCHANDISE CO. INC.

OPINION

LEWIS, Judge.

Plaintiff Dunlop Tire and Rubber Corporation, Dunlop Sports Company Division (Dunlop) brought suit on an alleged contract of guaranty against defendant Service Merchandise Company, Inc. (Service Merchandise). The issues presented to the Chancellor and the issues presented in this Court are: (1) whether the parties entered into a guaranty agreement, and (2) if so, whether the agreement was supported by consideration. After a bench trial the Chancellor held there was a guaranty supported by consideration and entered a judgment of $167,503.92 for Dunlop against Service…