Spokane State Bank v. Tilton

Respondent Tilton, being desirous of borrowing $1,000 from tbe appellant, was told that the money would be lent to him on his note, provided he could secure the endorsement of some person satisfactory to the appellant. He thereupon secured the respondent Wagner as such endorser, and the note was executed by Tilton and signed on the back by Wagner under a statement which read, “For value received, I hereby guarantee the within note and waive notice of demand, protest and non-payment.” The note remaining unpaid, the appellant brought action thereon and recovered a judgment against both Tilton…