Ethyl Corporation v. Jalbert

This is an action to recover on a written guaranty executed by defendants to guarantee the credit extended to Associated Supply Co. Defendants appeal from a judgment entered on a verdict in favor of plaintiff.

The defendant Leo Jalbert was the principal owner and president of Associated Supply Co. Defendant Nadine Jalbert, his wife, was not an officer, director or stockholder of that company. On May 18, 1968, in consideration of credit extended by plaintiff to Associated Supply, defendants executed and delivered a written guaranty agreement to Ethyl which guaranteed payment to Ethyl of all…