Moffett v. Miller

This is an action against defendants as guarantors of the payment of a promissory note payable to plaintiff and executed by ‘1 Role, Inc. ’ ’ Each of the defendants guaranteed to pay one-third of the amount of the note, which was for $5,000, and was due on August 7, 1951. The note was not paid at the time of maturity or thereafter except for the payment of $300 on account. After maturity of the note, plaintiff gave notice to Role, Inc., Mr. Frank Thomas, president of the corporation, and to all three guarantors that the note was overdue and that he wanted payment. There was no other effort…