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MARKING SYSTEMS v. INTERWEST FILM CORP.

No. 14673.

567 P.2d 176 (1977)

MARKING SYSTEMS, INC., a Utah Corporation, Plaintiff and Appellant, v. INTERWEST FILM CORPORATION, Gary E. Meredith, Robert H. Mason, Dillion Inouye, Keith B. McMullin and Interwest General Corporation, a Delaware Corporation, Defendants and Respondents.

Supreme Court of Utah.

July 21, 1977.

Attorney(s) appearing for the Case

R. William Bradford, of Bradford, Marsden, Creer & Liljenquist, Salt Lake City, for plaintiff and appellant.

Edward M. Garrett, Raymond A. Hintze, Thomas C. Anderson, George S. Diumenti II, Salt Lake City, for defendants and respondents.

ELLETT, Chief Justice:

In November, 1971, the First Security Bank of Utah agreed to extend credit to Interwest Film Corporation in the amount of $100,000, and as a condition therefor, required and received a general continuing guaranty executed by the individual defendants. The date of the guaranty was November 4, 1971. Thereafter, on January 4, 1972, another loan was made by the bank to Interwest Film Corporation in the amount of $100,000. This loan was renewed several...

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