Morris v. Veach & Co.

Veach & Company brought suit against Morris, alleging in their petition that the defendant was indebted to them upon a contract of guaranty. The paper containing this contract recited in a preamble that a corporation known as the Atlanta Grocery Company had been organized in the city of Atlanta; that Veach & Company had subscribed for twelve shares of the capital stock, which subscription was to be paid with a note of the defendant Morris for $1,199.10 payable to plaintiffs; that N. W. Murphy and Morris had agreed to guarantee that plaintiffs should receive one hundred cents in the dollar for…