Department of Banking v. Keeley

This is an action by appellee against appellant, as guarantor of a note. The defense is fraud and partial failure of consideration. After both parties had rested, the trial court directed a verdict for appellee, and appellant perfected this appeal.

The note, in the amount of $25,220, dated October 19, 1964, due November 5, 1964, is signed “Valentine Hearts Per E. P. Keeley President,” and on the back thereof bears the following endorsement and guaranty: “I hereby endorse this note -with full personal recourse and unconditionally guaranty the payment of same for the principal amount and any and…