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THORNTON v. SOUTHWEST FLOUR & FEED COMPANY

No. 1 CA-CIV 635.

8 Ariz. App. 190 (1968)

444 P.2d 747

Gerald THORNTON, Hughie DeMore, Walter H. Cave, Gerald T. Young, Wayne Thornton, and Otho Thornton, Appellants, v. SOUTHWEST FLOUR & FEED COMPANY, an Arizona corporation, Appellee.

Court of Appeals of Arizona.

September 11, 1968.

Attorney(s) appearing for the Case

Ryley, Carlock & Ralston, by Frank C. Brophy, Jr., Phoenix, for appellants.

Burns, Ferrin & Ehrenreich, by F. Britton Burns, Phoenix, for appellee.

MOLLOY, Judge.

In this appeal, we are asked to set aside a judgment of the trial court, sitting without a jury, holding that appellants are liable under the terms of an instrument signed by them guaranteeing the indebtedness of a corporation to a creditor of the corporation.

In October, 1962, all of the appellants were shareholders and directors of Garden City Farms, Inc., a corporation engaged in farming a tract...

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