Legal Opinion · Dissent

Century 21 Products, Inc. v. Glacier Sales

Court of Appeals of Washington

Decided July 7, 1994No. 11604-2-IIIPublished

1DissentThompson, C.J.

(dissenting) — The majority opinion holds that the Superior Court erred when it denied Glacier’s motion to dismiss for impairment of collateral. In my view, the question of impairment is irrelevant because the facts establish an unconditional guaranty of payment by Glacier to Century 21.1 therefore respectfully dissent.

*801An unconditional or absolute guaranty is an agreement to pay the debt of the principal upon maturation without any express limitation set forth in the guaranty. Joe Heaston Tractor & Implement Co. v. Securities Acceptance Corp., 243 F.2d 196 (10th Cir. 1957). "The authorities…

2Cases cited8 opinions

  1. United States v. Duane G. Willis and Mary J. WillisCourt of Appeals for the Sixth Circuit · 1979
  2. Joe Heaston Tractor & Implement Company, a New Mexico Corporation v. Securities Acceptance Corporation, a Delaware CorporationCourt of Appeals for the Tenth Circuit · 1957
  3. Walter E. Heller & Company v. CoxDistrict Court, S.D. New York · 1972
  4. United States v. ShirmanDistrict Court, N.D. Illinois · 1966
  5. First State Bank, Hickman v. PetersonNebraska Supreme Court · 1980

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