Sheraton Hawaii Corporation v. Poston

OPINION OF THE COURT BY

LEVINSON, J.

In November 1963, the present suit was brought under a guaranty contract by the plaintiff-appellee (Sheraton) against the defendant-appellant (Louana Poston) and another defendant who did not appeal (Diana Moneado). The contract, signed by both defendants as individuals, provided that they would guarantee performance of a lease between Sheraton and Ivories and Art Crafts, Ltd. (Ivories), a corporation of which the defendants were principal officers and stockholders. In April 1963, a suit for summary possession, delinquent rent, costs, interest, and…