Warren v. W. T. Raleigh Co.

Appellee is a manufacturer and seller of proprietary medicines, extracts, and the like. One Morse O. Ligón was a local retail dealer for appellee, and appellants were the accommodation sureties on a contract of suretyship executed unto appellee in behalf of said local retail dealer. The contract of suretyship was dated March 30, 1932. On January 10, 1934, the local retail dealer had become considerably in arrears with appellee, and other conditions were such that appellant sureties apprehended a loss on account of their suretyship, and certainly so unless immediate proceedings were instituted…