Metropolitan Capital Corp. v. Janus

This is an action on two promissory notes. There is an alleged balance due on one note, in the sum of $6,783.59 and the sum of $5,781 on the second note. This suit is against four indorsers, the maker corporations being insolvent.

The indorsement reads as follows: ‘1 For value received, all the undersigned endorsers jointly and severally do hereby guarantee the payment of this note and do hereby agree that upon a default in the payment of this note or any one of the notes of this series, that all the remaining notes or any part thereof shall at the option of the holder or holders thereof,…