Dunham v. Hinton

Action on a contract of guaranty. The demurrer to the petition was sustained. Plaintiffs refused to plead further and judgment was entered for defendants. The amount involved fixed appellate jurisdiction in this court. In substance the petition alleged facts as follows:

On July 18, 1922, the Commissioner of Finance doubted the value of certain assets of a bank and believed it to be insolvent. Defendants owned stock in and were directors of the bank. Furthermore, they had on deposit in the bank large sums of money. In this situation and to prevent a liquidation of the bank, defendants executed…