Baird v. Nicholson

Suit was brought by the receiver against the defendants on indorsements of promissory notes aggregating, with interest, approximately $40,000. All indorsements are as follows:

“For value received we hereby guarantee the payment of the within note at maturity or at any time thereafter, with interest, as therein specified, and hereby waive protest, due presentment, demand and notice of non-payment thereof; and we hereby waive diligence on the part of the holder thereof in collecting the said note; and consent to any extension of time of payment, or any renewal of this note.”

The plaintiff claims…