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HICKORY SPRINGS MFG. CO., INC. v. EVANS

541 S.W.2d 97 (1976)

HICKORY SPRINGS MANUFACTURING COMPANY, INC., Petitioner, v. Glenn EVANS and Howard Gose, Respondents. v. Michael MEHLMAN et al., Third-Party Defendants.

Supreme Court of Tennessee.

Rehearing Denied September 27, 1976.

Attorney(s) appearing for the Case

Clinton R. Anderson, Anderson & Anderson, Morristown, for petitioner.

James M. Davis, James K. Miller, Morristown, for respondents.

Dennis H. Inman, Taylor, Inman & Tilson, Morristown, for third party defendants.

OPINION

FONES, Chief Justice.

This suit against two guarantors was decided adversely to the creditor in both of the courts below.

Evans and Gose owned all of the stock of Star-Line Manufacturing Company, a Tennessee corporation, in February, 1970, when the guaranty was executed. Star-Line, a furniture manufacturer, was purchasing materials from petitioner on a C.O.D. basis. For the purpose of establishing a line of credit, respondents Evans and Gose...

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