Andrew v. Baird

On February 1, 1932, L. A. Andrew, appellee, and Charles W. Baird, appellant, entered into an agreement for the settlement of an action commenced against said Baird and other directors of the Floris Savings Bank upon a contract entered into between the parties in June, 1927, to guarantee certain securities of said bank, amounting to about $23,000. The bank closed its doors in June, 1930, when L. A. Andrew, state superintendent of banking, was appointed receiver of the Floris Savings Bank and Buell McCash his attorney.

The guaranty agreement was found among the assets of the bank by the…