Caroline State Bank v. Radtke

By the agreement in this case the signers agreed jointly and severally to guarantee the payment to respondent of all notes, drafts, and acceptances executed or indorsed by the Lily Lumber Company, Inc., “which may be owned or which may hereafter be acquired . . . or so executed or indorsed by the Lily Lumber Company,” and made a sufficient guaranty effective to fix liability upon the guarantors including notes executed by the company after the date of the, guaranty. The words “so executed and indorsed,” in order to have any meaning, must be read in connection with the words “hereafter be…