FITZSIMMONS, J.
Hawco Manufacturing Co., Inc. (Hawco) appeals an adverse declaratory judgment. The judgment held that Hawco's payment on a promissory note executed by Hawco did not satisfy its obligation in favor of Superior Chain, Inc., Watson Rentals, Inc. and Welding Machine Rentals, Inc. (Watson). The latter three entities are the sellers of the plaintiff corporation. This court reverses the trial court judgment in the following respects.
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