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DOGGETT v. HERITAGE CONCEPTS, INC.

No. 64667.

298 N.W.2d 310 (1980)

Charles F. DOGGETT, Appellee, v. HERITAGE CONCEPTS, INC., and B. J. Farmer, Appellants.

Supreme Court of Iowa.

November 12, 1980.

Attorney(s) appearing for the Case

Jerry R. Foxhoven of Critelli & Foxhoven, P. C., Des Moines, for appellants.

Robert W. Pratt, Des Moines, for appellee.

Considered by LeGRAND, P. J., and UHLENHOPP, HARRIS, McCORMICK and McGIVERIN, JJ.

UHLENHOPP, Justice.

This appeal involves three issues which arose in an action on two promissory notes.

The business dealings of the parties were somewhat complicated. Defendant Heritage Concepts, Inc., owed various creditors. Another corporation, Memorial Lawn Cemeteries, Inc., borrowed money from a third party on two notes, and plaintiff Charles F. Doggett, who owned Memorial Lawn's stock, guaranteed those notes. The proceeds of those notes were used to...

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