Swilley v. City Inv. Co.

This appeal presents only one" substantive question of law, arising out of these facts:

Kent H. Easter and the Easter Warehouse & Forwarding Company, a corporation of which appellants were directors, owed several due and past-due notes, the aggregate amount of which was then probably $16,000 or ■ more, to the Second National Bank of Houston. The bank asked for payment, and refused to renew the indebtedness, unless Mr. Easter furnished it additional security in the form of a written guaranty of. the amount signed by these individual directors of his company, which he did on October 16, 1923, in…