Commercial Law Keyed to Lopucki
Modern Photo Offset Supply v. The Woodfield Group
Appellant, a printing and photographic products supplier, extended Woodfield Group, a printing company, credit to purchase various supplies. Woodfield Group accumulated a series of credit purchases without corresponding payment. Appellant secured a personal guaranty from MacGill, president of the Woodfield Group in exchange for continuing to extend the Woodfield Group credit. Subsequently, MacGill sold substantially all of the Woodfield Group’s assets to Repro Image, Ltd. and became its employee. Repro Image, Ltd. agreed to assume the balance of the Woodfield Group’s debt to Appellant. Appellant agreed to accept payment from Repro Image, Ltd. in connection with monies owed by the Woodfield Group and extended credit to Repro Image, Ltd. The relationship quickly deteriorated and Appellant filed suit.
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