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BEARD v. ECONOMY FINANCE CORPORATION

409 S.W.2d 516 (1966)

L. E. BEARD et al., Appellants, v. ECONOMY FINANCE CORPORATION, Appellee.

Court of Appeals of Kentucky.

December 16, 1966.

Attorney(s) appearing for the Case

Paul R. Huddleston, Huddleston & Huddleston, Bowling Green, for appellants.

Angus W. McDonald, Lexington, for appellee.

W. MAJOR GARDNER, Special Commissioner.

North American Leasing Company leased bowling equipment to Newtown Investment Corporation for a total rental of $88,997.96, payable in 59 monthly installments of $1508.44 each. Simultaneously with the execution of the lease, appellants, who were stockholders of the Newtown Investment Corporation, individually executed and delivered to North American Leasing Company a "Guarantee of...

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