Ellis v. Thompson

The Ellis Realty Company, an Indiana corporation, as owner of an apartment house, Charles H. Ellis and John R. Curry as guarantors, and Bankers Trust Company, purchaser of the entire issue of preferred stock, as trustee, entered into a contract on January 31, 1925, in reference to the preferred stock of the corporation. On the same day appellant executed a personal guaranty in reference to said preferred stock, a part of which guaranty reads as follows: “FOR VALUE RECEIVED, and in consideration of the Bankers Trust Company, of Indianapolis, Indiana, as Trustee, having purchased the entire…