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WESTOWN LIQUORS v. PARTY MARKET

No. 90-1852.

483 N.W.2d 840 (1992)

WESTOWN LIQUORS, INC., Appellant, v. The PARTY MARKET, INC., Thomas E. Best and Julie M. Best, Appellees.

Court of Appeals of Iowa.

February 25, 1992.

Attorney(s) appearing for the Case

Mark McCormick and Margaret C. Callahan of Belin, Harris, Lamson, McCormick, P.C., Des Moines, for appellant.

Patrick W. Brick, Thomas J. Levis, and Mark R. Schuling of Brick, Seckington, Bowers, Swartz & Gentry, P.C., Des Moines, for appellees.

Heard by OXBERGER, C.J., and SCHLEGEL and HABHAB, JJ.

OXBERGER, Chief Judge.

This case arose from an agreement dated March 12, 1987, by which the plaintiff, Westown Liquors, Inc., was to sublease to a retail store called The Party Market, Inc. certain retail space and to lend the store $200,000. Defendant Thomas E. Best, president of The Party Market, and his wife, defendant Julie M. Best, signed a $200,000 mortgage note as individual guarantors and gave the plaintiff a second mortgage on their home.

The Party...

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