Preferred Investment Company v. Westbrook

MASON, Justice.

Plaintiff, Preferred Investment Company, an Iowa corporation engaged in the finance business, brought this law action against T. C. Westbrook, Joseph W. Grant, Jr., individually and doing business as Cedar Rapids Citizen-Times, to recover upon a conditional sales contract, promissory note and written guarantee of the contract and note. The contract and note were in the amount of the agreed purchase price of certain printing equipment purchased by Citizens Publications, Inc.

I. Arthur D. Beers, president of A. D. Beers Company, Inc., a distributor of printing equipment, had sold…