Penner v. International Harvester Co. of America

This action was brought by defendant in error .against H. C. Penner, who is not a party to this appeal, as principal obligor on 21 separate promissory notes, and against the plaintiffs in error as guarantors under a written guaranty of payment at maturity of all indebtedness incurred during 1929 for goods purchased from defendant In error by H. C. Penner. H. C. Penner confessed judgment, and after hearing evidence the trial court rendered judgment against each of the plaintiffs in error upon the written guaranty for the amount claimed.

The instrument of guaranty recited that for a valuable…