Legal Opinion
Huckaby v. McConnon & Co.
Supreme Court of Alabama
Decided October 22, 1925No. 8 Div. 775PublishedCited by 7 opinions
1Opinion of the CourtBouldin, J.
The action is upon a contract of guaranty to secure a line of credit for one Arnold R. Jordan in the future purchase of merchandise from plaintiff. The contract in full appears in the report of the case.
Like other contracts, a guaranty is complete when the minds of the parties meet in mutual assent to the same things in the same sense.
A guaranty in the nature of a letter of credit generally, or to a specified party, to secure future credit for the person in whose favor it is drawn, is usually regarded as a mere conditional offer, not to become binding until the form and sufficiency of the…
2Cases cited13 opinions
- Davis v. WellsSupreme Court of the United States · 1881
- Davis Sewing MacHine Co. v. RichardsSupreme Court of the United States · 1885
- Adams, Cunningham & Co. v. JonesSupreme Court of the United States · 1838
- Saint v. Wheeler & Wilson Manufacturing Co.Supreme Court of Alabama · 1891
- Leftkovitz v. First National Bank of GadsdenSupreme Court of Alabama · 1907
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3Cited by7 opinions
- Colonial Bank of Alabama v. CokerSupreme Court of Alabama · 1985
- Shur-Gain Feed Div. v. Huntsville ProductionCourt of Civil Appeals of Alabama · 1979
- Furst v. ShowsSupreme Court of Alabama · 1926
- Central of Georgia Ry. Co. v. HolmesSupreme Court of Alabama · 1931
- In Re Southern Cinemas, Inc.United States Bankruptcy Court, M.D. Florida · 2000
2 more not listed; retrieve them via the Exa API.