Downey v. Peoples State Bank

This-was an action instituted by appellee against appellants and Melvin Abbott and Louise Abbott upon an alleged written guaranty executed by the appellants and by said Melvin Abbott and Louise B. Abbott, by the terms of which the signatories guaranteed to appellee the payment of loans to be made by appellee to Central Lien Corporation.

The complaint alleged the execution of the guaranty agreement, and the lending of $50,825.00 by appellee to said Central Lien Corporation in reliance upon said guaranty agreement, and prayed judgment against appellants, and said Abbott and Abbott.

Appellants…