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KENNEDY v. JOY MFG. CO.

707 S.W.2d 362 (1986)

Walter KENNEDY, Appellant, v. JOY MANUFACTURING COMPANY, Appellee.

Court of Appeals of Kentucky.

April 4, 1986.

Attorney(s) appearing for the Case

B. Hume Morris, II, Morris, Nicolas, Welsh & Vandeventer, Louisville, for appellant.

Russell H. Saunders, Malcolm Friedman, A. Andrew Draut, Louisville, for appellee.

Before COMBS, DUNN and HOWARD, JJ.

COMBS, Judge.

This is an appeal from a summary judgment of the Jefferson Circuit Court, holding appellant personally liable under a guaranty agreement for a corporate debt to appellee.

Appellant Kennedy is a shareholder in and vice-president of the Marrick Company. In September of 1977, Kennedy executed a contract whereby he promised to guarantee the cost of merchandise and goods sold to the Marrick Company by appellee Joy Manufacturing Company. The Marrick...

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