Defendant Godinger Silver Art Ltd. attempts to avoid its liability as guarantor of debts incurred by nonparty Regency Metal Stamping, Inc. on the ground that sales made by plaintiff to Regency exceeded that company's $50,000 line of credit. However, defendant solicited credit on behalf of Regency every year in a like amount, and its liability under the several guarantees is not $50,000 in the aggregate but $50,000 for each and every year subject to such an agreement. The...
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