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GEORGIA-PACIFIC CORP. v. LEVITZ

No. 2 CA-CIV 5607.

149 Ariz. 120 (1986)

716 P.2d 1057

GEORGIA-PACIFIC CORPORATION, WILLIAMS FURNITURE DIVISION, a corporation, Plaintiff/Appellee, v. Gary R. LEVITZ and Jane Doe Levitz, his wife, Defendants/Appellants.

Court of Appeals of Arizona, Division 2, Department B.

Reconsideration Denied March 24, 1986.

Attorney(s) appearing for the Case

Friedlander & Richardson by J. Jeff Richardson, Phoenix, for defendants/appellants.

Paytas, Lutich, Bernstein, Shannon & Fleming and Earl Terman by Earl Terman, Phoenix, for plaintiff/appellee.

OPINION

LIVERMORE, Presiding Judge.

Defendant, Gary Levitz, was in 1977 the chief executive officer and a substantial owner of M.D. Pruitt Furniture Co. In order to obtain credit for Pruitt with plaintiff, Williams Furniture, a division of Georgia Pacific Corporation, Levitz executed a personal guaranty of Pruitt's debts to Williams. That guaranty was revocable only by written notice. In January 1981, at a time when no money was owing from Pruitt to Williams...

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