DEEN, Presiding Judge.
1. (a) Appellant Crutchfield entered into a guaranty contract with the appellee bank for payment of the liabilities and accounts receivable of Delta Carpets, Inc., Delta Finishers, Inc. and Delta Diversified, Inc., purchased by the bank which had been generated as a result of sales of yarn to these companies by Modern Textiles. The first two Delta companies mentioned were wholly owned subsidiaries of the third. The acceptance of the commodity...
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