Johnson v. Packaging Corporation of America

LANGDON, Justice.

This is a suit tried before a jury upon a corporate note personally endorsed by the appellants and in the alternative upon a note which was executed by the appellants pursuant to an agreement in renewal and ■ extension of the original note. The appellants by way of answer alleged that prior to their endorsement of the original corporate note that an officer of the ap-pellee promised they would not be held individually liable as guarantors on said note. By further answer they claimed that the obligation on said note had been assumed by a third party. Two years after the…