MacY v. Inland Empire Land Co.

Stephen F. Smith and wife executed and delivered to the Inland Empire Land Company a promissory note secured by a mortgage on real property in Lincoln county. The Inland Empire Land Company duly assigned and delivered the note and mortgage to one Henry Neeb, and at the same time and as a part of the same transaction, executed and delivered to him its written obligation which, for the purposes of this case, reads:

“For value received, The Inland Empire Land Company, of Spokane, Washington, hereby assigns to ............................................................and guarantees the…