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FIRST NATIONAL BANK OF BOSTON v. SLADE

379 Mass. 243 (1979)

399 N.E.2d 1047

THE FIRST NATIONAL BANK OF BOSTON vs. WILLIAM A. SLADE, JR.

Supreme Judicial Court of Massachusetts, Essex.

November 19, 1979.

Attorney(s) appearing for the Case

Gene K. Landy for the defendant.

Carl K. King for the plaintiff.

Present: HENNESSEY, C.J., QUIRICO, BRAUCHER, KAPLAN, WILKINS, & ABRAMS, JJ.

WILKINS, J.

On May 24, 1976, the defendant executed a document guaranteeing the obligations of P.S. Thorsen Co. of Mass. (corporation) to the plaintiff (bank). In October, 1977, acting through Slade, its president and treasurer, the corporation executed an assignment for the benefit of creditors. The bank brought this action to collect from Slade, as guarantor, the corporation's unpaid obligations to it. Slade has defended the action principally on the ground that...

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