Consolidated National Bank v. Anglo & London Paris National Bank

Anglo & London Paris National Bank of San Francisco, a corporation, hereinafter called plaintiff, brought suit against Consolidated National Bank of Tucson, a corporation, hereinafter called defendant, on two causes of action. The first was on a guaranty of certain promissory notes amounting to the sum of $67,649.68, and the second for an alleged loan by plaintiff to defendant in the same amount. Defendant set up a voluminous answer, the substance of which was that, as to the guaranty in the first cause of action, it was ultra vires and void, and, as to the alleged loan in the second cause of…