Jackson City Bank & Trust Co. v. Sternburg

Plaintiff herein is the administrator de bonis non of the estate of William Adams, deceased. Unless otherwise indicated we will herein refer to William Adams as plaintiff or appellee. In May, 1927, plaintiff, the owner of hotel property in the city of Jackson, entered into a 99-year lease of this property with defendant Charles P. Sternburg. Defendant Northquist signed an instrument attached to the lease by the terms of which he promised and agreed to pay accrued rentals in case of default of the lessee, such liability on the part of Northquist being limited to $10,000. The lessee defaulted…