Teac Corp. of America v. Bauer

HODGES, Justice.*

Defendant (Bauer) appeals a judgment entered after a trial to the court holding him liable under a personal guarantee for a corporate debt. We affirm.

Plaintiff (Teac) is a manufacturer of audio equipment. Bauer was an officer of A.M.I. Audio Brokers, Inc., (AMI) a retailer of audio equipment whose purchases from Teac were financed by Finance America Private Brands, Inc., (Finance America) under a “commercial floor plan” security agreement. Teac presented evidence that when AMI fell into arrears to Finance America, Teac paid AMI’s debt to Finance America in return for…