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ERTEL v. RADIO CORPORATION OF AMERICA

No. 1-273A36.

297 N.E.2d 446 (1973)

John C. ERTEL, IV, Third-Party Plaintiff-Appellant, v. RADIO CORPORATION OF AMERICA, Third-Party Defendant-Appellee, John R. Dugan and Delta Engineering Corporation, Defendants-Appellees, Economy Finance Corporation, Plaintiff-Appellee.

Court of Appeals of Indiana, First District.

Rehearing Denied July 27, 1973.

Attorney(s) appearing for the Case

Stephen Goldsmith, Barnes, Hickam, Pantzer & Boyd, Indianapolis, for appellant.

Alan H. Lobley, D. Robert Webster, Ice, Miller, Donadio & Ryan, Indianapolis, for appellee.

LOWDERMILK, Judge.

This cause originated with the filing of a complaint by plaintiff, Economy Finance Corporation (Economy), against defendants Delta Engineering Corporation (Delta), John R. Dugan (Dugan), and John C. Ertel IV (Ertel). The complaint sought recovery against Delta for amounts due under a loan and security agreement covering revolving inventory and accounts receivable. Dugan and Ertel were guarantors for the payment by Delta.

Ertel filed a third...

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