Taylor v. Payne

Affirming.

Appellant, J.W. Taylor, signed a writing in which he agreed to reimburse the First National Bank of Stone, Kentucky, for any loss which it might sustain by reason of its discounting a note for $1,000 executed by Lawrence Alexander to T.J. Taylor and indorsed by Sam Alexander, Hattie Alexander and T.J. Taylor. The note was executed on August 13, 1927, and was payable in four months. It was reduced in amount and renewed from time to time; the principal being $690 when last renewed. This renewal was dated December 9, 1930, and was payable four months after date. The writing signed by…