Defendants, shareholders and founders of Bass Textiles, Inc. (Bass), each executed guarantees of payment in connection with various contracts for the purchase, by Bass, of specially made fabric from the plaintiff. By their terms the guarantees recited inter alia, that they were "primary and unconditional" and were made "without regard to any offset, defense or counterclaim of [Bass Textiles, Inc.]". The various contracts entered into by Bass and the plaintiff contained...
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