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ERTEL v. RADIO CORPORATION OF AMERICA

No. 274S42.

307 N.E.2d 471 (1974)

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

Supreme Court of Indiana.

Rehearing Denied April 25, 1974.

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, Nisenbaum & Brown, Indianapolis, for appellee.

OPINION ON PETITION TO TRANSFER

HUNTER, Justice.

This cause originated as an action by a finance company, Economy Finance Corp. (Economy) against its debtor, Delta Engineering Corp. (Delta) for amounts due under a loan and security agreement covering revolving inventory and accounts receivable. Also named as defendants were the guarantors for the payment by Delta, John R. Dugan, President and General Manager of Delta, and John C. Ertel, Secretary-Treasurer...

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