Bank of America v. Granger

The plaintiff sued to recover on certain alleged guaranties. The trial court made findings in favor of defendants and from a judgment entered thereon the plaintiff has appealed.

On April 26, 1927, and for some time prior thereto the Fernwood Lumber Company, a corporation, was transacting a lumbering business near Areata in Humboldt County. The defendants were directors of that company. The First National Bank of Areata, doing a banking business at Areata, financed the lumber company and that company obtained all of its loans from that bank. On December 5, 1927, the lumber company obtained…