1. A Question of Ethics—Guaranty Contracts. 73-75 Main Avenue, LLC, agreed to lease commercial…

1. A Question of Ethics—Guaranty Contracts. 73-75 Main Avenue, LLC, agreed to lease commercial property to PP Door Enterprise, Inc., if its principal officers executed personal guaranties and provided credit information. Nan

Zhang signed the lease as manager of PP Door. The principals of PP Door signed the lease and guaranty agreements. When PP Door failed to make monthly payments, the lessor sued PP Door and its owner, Ping Ying Li. Li testified that she was the sole owner of PP Door but denied that Zhang was its manager. She also denied signing the guaranty agreement. She claimed that she had signed the credit authorization form because Zhang had told her he was too young to have good credit. Li claimed to have no knowledge of the lease agreement. She did admit, however, that she had paid the rent because Zhang had been in a car accident and had asked her to help pay his bills, including the rent. [73-75 Main Avenue, LLC v. PP Door Enterprise, Inc., 120 Conn. App. 150, 991 A.2d 650 (2010)] (See Laws Assisting Creditors.)