Allen v. See. In Re Simmons

HUXMAN, Circuit Judge.

Carl Monroe Simmons issued his promissory note, secured by chattel mortgage on his personal property, to the Littleton National Bank for $9,126.60, payable in twelve monthly installments. As a condition to the loan, appellee, Charles See, was required to execute a written guaranty to the bank, guaranteeing payment of the note. After making a number of monthly payments, Simmons defaulted in the remaining payments. Demand was made upon See under his guaranty and he was required to make good thereunder. In fulfillment of his obligation, he paid the bank the total sum of…