Portland Electric & Plumbing Co. v. Cooke

Defendant appeals summary judgments in favor of plaintiffs in these actions to enforce payment of debts personally guaranteed by defendant. We affirm.

While owning and operating Cooke Electric, an electrical contracting firm, defendant became indebted to the plaintiffs. Defendant decided to incorporate as Big "C” Electric, Inc. He asked plaintiffs’ consent to transfer the assets and liabilities of Cooke Electric to Big "C”. Plaintiffs agreed, but demanded and received defendant’s personal guarantees he would pay the debts if Big "C” did not. The guarantee agreements between plaintiffs and…