California Court of Appeal October 27, 1964, Civ. 27482 (American Guaranty Corp. v. Stoody)

JEFFERSON, J.

Plaintiff brought an action for breach of a guaranty contract allegedly executed by defendant Stoody (and by other parties not involved in this appeal). Plaintiff’s complaint alleged that the contract in question guaranteed the faithful performance of rental payment obligations incurred by the lessee to the lessor under a number of equipment lease contracts.