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HOLLY FARM FOODS, INC. v. KUYKENDALL

No. 9323SC206.

442 S.E.2d 94 (1994)

114 N.C. App. 412

HOLLY FARM FOODS, INC., Plaintiff, v. Henry R. KUYKENDALL, John R. Kuykendall, and Louann Coulter, Defendants.

Court of Appeals of North Carolina.

April 19, 1994.

Attorney(s) appearing for the Case

John N. Ogburn, Jr., Asheboro, for defendants-appellants.

McElwee, McElwee & Warden by William C. Warden, Jr., North Wilkesboro, for plaintiff-appellee.

WYNN, Judge.

On 28 June 1976, John E. Chapman, Jr. (Chapman), as lessor, and HTL Enterprises, Inc. (HTL), as lessee, entered into a lease agreement for a commercial property in Randolph County. The lease ran for a term of twenty years from April 1977 to March 1997 and rent was established at $1,350.00 per month. Plaintiff Holly Farms Foods, Inc., which owned HTL, executed a written guaranty covering HTL's rental obligation. On 13 January 1987 HTL assigned the lease...

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