Couch v. Borg-Warner Acceptance Corp.

BOOTH, Judge.

This cause is before us on appeal from a final judgment awarding plaintiff $36,-941.88 in principal and interest arising out of a breach in a financial agreement. We affirm.

Appellant Charles R. Couch, Jr. signed two personal guaranties in favor of appel-lee Borg-Warner Acceptance Corporation to support the inventory security agreement which financed the inventory of appellant’s electronics store, Couch’s, Inc. The guaranties were signed in 1973 and 1982. In 1976, appellant resigned his position as president of Couch’s, Inc. and sold all of his stock to his son Raymond Couch. In…