LeRoy State Bank v. J. Keenan's Bank

This case involves an appeal from a judgment for $75,120.91, entered in the circuit court of McLean county against the appellants, and A. J. Keenan.

The suit is based upon the terms and conditions embodied in a written contract of guaranty, which was drawn up and executed in reference to the failure of the J. Keenan Bank of LeRoy; and the contract relates to the assumption of the liabilities of the J. Keenan Bank by the appellee, the LeRoy State Bank, The guaranty contract referred to is as follows:(1) “Memorandum of Agreement entered into this 25th day of January, A. D. 1924, by and between…