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ZELLNER v. LASKY

Docket No. 35661.

13 Cal.App.3d 787 (1970)

91 Cal. Rptr. 810

DONALD G. ZELLNER, Plaintiff and Appellant, v. BYRON H. LASKY, Defendant and Respondent.

Court of Appeals of California, Second District, Division Three.

December 23, 1970.

Attorney(s) appearing for the Case

COUNSEL

Kalmbach, DeMarco, Knapp & Chillingworth, Frank DeMarco, Jr., and Richard C. Greenberg for Plaintiff and Appellant.

Richards, Watson & Hemmerling and Ronald M. Greenberg for Defendant and Respondent.

OPINION

SCHWEITZER, Acting P.J.

This case presents the question as to whether a guarantor is released from his obligation on a written guaranty by the creditor's participation in the Chapter XI bankruptcy proceeding (11 U.S.C. § 701 et seq.) of the principal obligor which resulted in the exoneration of the principal obligor from further liability by the issuance of stock pursuant...

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