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UNIVERSAL C.I.T. CREDIT CORPORATION v. NELSON

No. 10300.

17 Utah 2d 280 (1966)

409 P.2d 615

UNIVERSAL C.I.T. CREDIT CORPORATION, A CORPORATION, PLAINTIFF AND APPELLANT, v. RICHARD D. NELSON AND JESSE E. NELSON, DBA HOLLADAY USED CARS, AND RICHARD D. NELSON, AND JESSE E. NELSON AS INDIVIDUALS, DEFENDANTS AND RESPONDENTS.

Supreme Court of Utah.

January 12, 1966.

Attorney(s) appearing for the Case

Alan D. Frandsen, Salt Lake City, for appellant.

Alan H. Bishop, Salt Lake City, for respondents.

HENRIOD, Chief Justice:

Appeal from a judgment of no cause of action against defendant, Jesse E. Nelson. Affirmed. Costs to Jesse.

Jesse's son Richard took a chance in the used car business. Plaintiff took a chance on Richard and financed him. Richard started to fail and ultimately went broke. While in this financial difficulty, plaintiff obtained a written guarantee from Richard's father Jesse. Jesse said he did not know he was signing such an instrument...

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