On August 2, 1982 plaintiff, the sole shareholder of Cardoray Corporation, an operator of a bowling alley, sold all of Cardoray's outstanding stock to Bob Daubney Bowling Enterprises, Inc. (hereinafter Daubney Enterprises). As part of the purchase price, Daubney Enterprises executed a promissory note in favor of plaintiff in the sum of $296,000 which Robert Daubney personally guaranteed. Plaintiff, in turn, filed a UCC-1 financing statement...
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