Commercial & Farmers National Bank v. McCormick
Court of Appeals of Maryland
Appeal from the Circuit Court for Harford County (Watters, J.) The contract on which this action was brought was as follows: “ In consideration of the Com. and Farmers Nat. Bank of Baltimore discounting from time to time the promissory notes or other evidence of debt of the United Milk Producers Assn, of Balto.
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Appeal from the Circuit Court for Harford County (Watters, J.) The contract on which this action was brought was as follows: “ In consideration of the Com. and Farmers Nat. Bank of Baltimore discounting from time to time the promissory notes or other evidence of debt of the United Milk Producers Assn, of Balto. We the undersigned, being stockholders in said corporation do hereby covenant to guarantee the payment of each and every loan or advance of credit extended to the United Milk Producers Assn., whether upon the notes of said corportion or the bills receivable or other evidences of debt…
1Opinion of the CourtBoyd, J.
The appellant sued the appellee and seventeen other persons on an instrument under seal, wherein the obligors, in consideration of the appellant discounting from time to time the promissory notes or other evidences of debt of the United Milk Producers Association of Baltimore City, covenanted to guarantee the payment of each and every loan or advance of credit extended to the association, provided the loans made upon the faith of the guaranty should not at any time exceed the sum of $20,000. The appellant loaned the association twenty thousand dollars on two notes of $5,000each, and one of…
2Cases cited12 opinions
- Maddux v. BevanCourt of Appeals of Maryland · 1874
- Hooper v. HooperCourt of Appeals of Maryland · 1895
- Ingersoll v. MartinCourt of Appeals of Maryland · 1882
- Washington Booth v. CampbellCourt of Appeals of Maryland · 1860
- Oberndorff v. Union BankCourt of Appeals of Maryland · 1869
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3Cited by7 opinions
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- Eastover Co. v. All Metal Fabricators, Inc.Court of Appeals of Maryland · 1960
- Prudential Insurance v. CottinghamCourt of Appeals of Maryland · 1906
- Roe v. Citizens National BankCourt of Special Appeals of Maryland · 1976
- Wickman v. KaneCourt of Special Appeals of Maryland · 2001
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