Universal C. I. T. Credit Corp. v. DeLisle

This is an appeal from a judgment dismissing an action on a written guaranty.

During the times involved herein, the Engle Motor Company was a corporation, having its place of business in Lewiston, Idaho. Its business was the sale of motor cars. C. C. DeLisle owned thirty-seven per cent of the stock of the corporation and was its president. His brother, E. F. DeLisle, was its manager.

March 25, 1952, Engle Motor Company executed to Universal C. I. T. Credit Corporation what was termed “Retail Protection Agreement for Automobile Dealers.” Under the agreement, C. I. T. would pay cash for…