This section contains the nature of the case and procedural background.

Inter-Continental Corp (D) guaranteed a note given by Shively, its president, to Moody (P). The guarantee was given for the president's personal benefit. Shively lost control of the corporation and P brought this suit.

The legal issues presented in this case will be displayed here.

The court's holding and decision will be displayed here.

Legal analysis from Dean's Law Dictionary will be displayed here.