Bowl-Opp, Inc. v. Bayer

This is an action upon a guaranty. Plaintiff appealed from a judgment entered on a jury verdict for defendants.

Defendants were the sole stockholders of a corporation, Town & Country Bowl, Inc. (Town & Country) which was organized to construct and operate a bowling alley. Town & Country entered into an agreement with North American Capital Corporation (North American), whereby North American committed itself to lend to Town & Country 50% of the appraised value of the bowling alley and the land upon which it was to be built. The loan was not to exceed $300,000. The appraisal was to be made by…