Allied Plywood Co. v. Pearson

This is a civil action in which the plaintiff seeks to recover from the defendant debts incurred by the C.J. Pearson Company, the payment of which the plaintiff claims was guaranteed by the defendant. The case was tried before a justice of the Superior Court sitting without a jury and resulted in a judgment for the plaintiff in the amount of $15,690.82 with interest and costs. Hereinafter we shall refer to the plaintiff as “Allied,” the defendant as “Pearson,” and the C.J. Pearson Company as “the corporation.”

At the time of this suit, Pearson was president, treasurer, and a stockholder of the…