Bradley Bank v. Pride

The defendant Pride makes three principal contentions: (1st) That as to the debts existing at the time of the execution and delivery of the guaranty, the guaranty was void because it did not express consideration; (2d) that in order to be valid as a security for subsequent obligations the party relying thereon was required to show a new consideration; (3d) that the evidence does not sustain the finding that credit was extended in reliance upon the bond or guaranty in question.

We do not find it necessary to consider whether or not the guaranty was valid as to obligations existing at the time…