Blue Grass Savings Bank v. Fuller

The facts in this case are not in dispute. The case was tried on a stipulation and the claim was disallowed. From such disallowance this appeal is taken.

On December 28, 1928, one C. R. Pettit executed his note to the claimant in the sum of $1,211. This note bore the following endorsement:

“For Value Received We hereby guarantee the payment of the within note, waiving demand, notice and protest. (Signed) Nellie Fuller. (Signed) Matilda Pettit.”

This note was secured by chattel mortgage. Several small payments were made and endorsed on the note, the last of which was on July 24, 1930. Nellie L.…