McAllister v. Pier 67, Inc.

Horowitz, A. C. J.

This is an appeal from a judgment in favor of the plaintiff husband (McAllister) as guarantor under a written guarantee for an amount paid by him on June 14, 1966, in reduction of loan indebtedness of the defendant (Pier 67, Inc.) guaranteed. The defendant, Pier 67, Inc., appeals, raising two questions. For the reasons later set forth, we affirm.

McAllister was one of the original promotors, a director and a shareholder of Pier 67, Inc. Late in 1961, while plaintiff was a director, that corporation needed financing to build a motel known as Edgewater Inn, Seattle. To obtain…