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Koppala Aalfs, and others. In 1996, Green Valley owed
$130,395.80 to Hanes Ranch, $119,883.80 to Miller Trust,
$77,378.15 to Koppala Cook, and $88,435.54 to Koppala Aalfs.
Northern California Log Scaling and Grading Bureau measured
and graded logs delivered to Green Valley. Green Valley paid for
logs based on those measurements and grades.
Petitioner orally guaranteed Green Valley’s creditors,
including Hanes Ranch, Miller Trust, Charles Hyatt, Koppala Cook,
Koppala Aalfs, and Northern California Log Scaling and Grading
Bureau, that he would pay Green Valley’s debts if Green Valley
did not. Those creditors expected petitioner to pay those debts
if Green Valley did not.
Shuster’s Transportation hauled logs for Green Valley during
the winter of 1995-96. Marvin W. Lawrence was part owner of
Shuster’s Transportation. Green Valley owed about $17,000 to
Shuster’s Transportation for services Shuster’s Transportation
provided during that period.
Petitioner made no payments to any of Green Valley’s
creditors in 1996 or 1997. In 1998, petitioner issued a
promissory note to Shuster’s Transportation to pay Green Valley’s
debt. Petitioner paid Shuster’s Transportation about $19,000
($500 per month beginning in 1998) under the terms of that note.
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Last modified: May 25, 2011