National Distributors, Inc. v. Simard

J. Fred Jones, Justice.

This is an appeal by Naiional Distributors, Inc. from an adverse summary judgment in favor of Houston II. Simard rendered by the Sebastian County Circuit Court. National was the plaintiff in the trial court and the suit was on a guaranty agreement.

On December 9, 1963, Jackson’s Furniture, Inc. of Fort Smith contracted to refinisli and sell antique furniture and serve as an outlet for antique furniture supplied by National Distributors, Inc. a Tennessee corporation. Jackson’s was to sell the furniture and remit to National 134% of the original cost price within eight…