Millikin National Bank v. Gebhart

This is an action of assumpsit by appellant bank against appellee. By its declaration, appellant averred that on January 23, 1919, appellee and eight other persons, including one Julius L. Burtschi, made and delivered to appellant an unsealed contract of guaranty as follows:

“In Consideration of the sum of one dollar to each of the undersigned paid, the receipt of which is hereby acknowledged, and the further consideration that the

Millikin National Bank of Decatur, Illinois,

has given or will give accommodations to the Pan American Motors Corporation of Decatur, Illinois, we for ourselves, and…