Ajax Rubber Co. v. Gam

Rice, J.,

delivering the opinion of the court:

The defendant signed a contract of guaranty under the terms of which she guaranteed the “prompt payment of all purchases heretofore made and that may hereafter be made by the A. B. Rothacker Rubber Company, Inc., from the Ajax Rubber Company, Inc., up to the amount of $25,000. * * * ” Subsequently the defendant signed three promissory notes made payable to the plaintiff company. The three notes represented the amount of the merchandise sold by the plaintiff to the Rothacker Rubber Company under the alleged contract of guaranty. The notes when they…