Bennett v. Checotah State Bank

A note payable to the plaintiff bank, signed by Alston and Floyd, contained the following provision:

“The makers and indorsers hereof hereby severally waive protest, demand and notice of protest and nonpayment in case this note is not paid at maturity, and agree to all extensions and partial payments before or after maturity without prejudice to holder.”

Dyton Bennett was guarantor of payment of the note, having for valuable consideration signed the following memorandum on the back of the note when it was made:

“For value received, I * * * do hereby guarantee * * * the payment of the within note…