International Harvester Co. v. Schultz

This is a suit to recover on a guaranty of payment of 44 negotiable promissory notes. The makers were not made parties defendant. A jury was waived. Plaintiff recovered judgment for $1,927.39 and costs. Defendant appealed.

Defendant purchased farm machinery from plaintiff and sold it to his customers, taking the notes sued on in payment. Some were payable to defendant’s order and some to plaintiff’s order. All of the notes were delivered to plaintiff before maturity. The makers defaulted at maturity and defendant refused payment. The guaranty that was written on the notes appears in the…