American Fiber Glass, Inc. v. General Electric Credit Corp.

OPINION

SPURLOCK, Justice.

Appellee, General Electric Credit Corporation, brought this action against appellants, American Fiber Glass, Inc., Admiral Corwin Mendenhall, and D. V. Wiles, seeking payment of an indebtedness owed ap-pellee by the appellants. American Fiber Glass was a company dealing in the retail sales of boats and motors. G. E. Credit is a finance company which financed the boats and motors for American Fiber Glass. Mendenhall is one of the founders of American Fiber Glass, a substantial stockholder, and a member of its Board of Directors, and is an expert in the field of…