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  5. 741 P.2d 806 (1987)
 

LOWDEN INV. CO. v. GENERAL ELEC. CREDIT CO.

No. 17245.

741 P.2d 806 (1987)

LOWDEN INVESTMENT COMPANY, Edward Doumani, Fred M. Doumani, Paul Lowden, Elenore Doumani, and Sydney Doumani, Appellants/Cross-Respondents, v. GENERAL ELECTRIC CREDIT COMPANY, Respondent. Yuba Goldfields, Inc., Marvin Kratter, and Wilbur A. Oehler, Cross-Appellants.

Supreme Court of Nevada.

August 27, 1987.

Attorney(s) appearing for the Case

Raggio, Wooster & Lindell, Reno, Frank W. Daykin, Carson City, for appellants and cross-respondents.

Jolley, Urga, Wirth, Woodbury and Jay Smith, Lionel, Sawyer & Collins and Linda Mabry, Monsey, Andrews & Reed, Las Vegas, for respondent.

Gibbons & Berman, Las Vegas, for Wilbur A. Oehler, cross-appellant.

OPINION

PER CURIAM:

In December 1977, Lowden Investment Company, ("Lowden") through a predecessor in interest, purchased a 1966 Lear Jet. Lowden financed the purchase by borrowing $520,000.00 from General Electric Credit Corporation (GECC), secured by the jet. The debt was personally guaranteed by Edward Doumani, Elenore Doumani, Fred Doumani, Sydney Doumani, and Paul Lowden.

A few months after the purchase, Lowden leased the jet to Las Vegas Jet...

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