Prescott v. Thompson Tractor Co., Inc.

John S. Prescott and Stan Waid appeal from a final judgment of the Circuit Court of Marion County on the grounds that the trial court erred by granting two motions in limine in favor of appellee Thompson Tractor Company, Inc. (hereinafter "Thompson"). We reverse.

Appellants executed a guaranty agreement on February 5, 1981, guaranteeing payment of a debt owed by Art Coal Company, Inc. (hereinafter "Art"), to Thompson, which was evidenced by a promissory note secured by certain industrial machinery sold to Art by Thompson. Appellants also agreed to indemnify Thompson for expenses and attorney's…