Aiton v. Slater
Michigan Supreme Court
1Opinion of the CourtNorth, J.
The Standard Gravel Company, a Michigan corporation, in December, 1928, issued bonds in the amount of $75,000 bearing interest at the rate of 6% per cent, annually which were secured by a trust mortgage. Plaintiff herein became possessed of one of these bonds in the amount of $1,000, designated as No. M-33. There was attached to this bond a guaranty agreement executed by the “Slater Construction Company, By O. A. Slater, Pres.” The Slater Construction Company was a copartnership composed of the defendants herein. The guaranty agreement in part provided: “The Slater Construction Company does…
2Cases cited12 opinions
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