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SHURLOW v. BONTHUIS

Docket No. 186221.

553 N.W.2d 366 (1996)

218 Mich. App. 142

William D. SHURLOW and Shurhoff Development Company, a Michigan general partnership, Plaintiffs-Appellants, v. Thomas BONTHUIS, Defendant-Appellee, and Market Place Media, Inc., d/b/a Grid Graphics Corporation, Defendant.

Court of Appeals of Michigan.

Decided August 6, 1996, at 9:05 a.m.

Released for Publication September 27, 1996.

Attorney(s) appearing for the Case

Marvin & Associates by Richard A. Marvin and Jon V. Coretti, Grand Rapids, for Plaintiffs-Appellants.

Law, Weathers & Richardson, P.C. by Ingrid A. Jensen, Grand Rapids, for Defendant-Appellee.

Before DOCTOROFF, C.J., and NEFF and FITZGERALD, JJ.

NEFF, Judge.

Plaintiffs appeal as of right from the order of the circuit court granting summary disposition to defendant Bonthuis on the basis that plaintiffs' failure to file a financing statement to perfect a landlord's lien impaired the collateral so as to discharge Bonthuis' obligation under two personal guaranty agreements. We affirm.

I

In 1991, plaintiffs and Market Place Media, Inc.'s (MPM) predecessors...

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