W. J. Seufert Land Co. v. Greenfield

This is an action upon a guaranty agreement under which defendants guaranteed payments of rent due under the lease of a building owned by plaintiff in The Dalles and leased for use as a restaurant to a corporation which became insolvent.

Defendants’ answer alleged, as an affirmative defense, that plaintiff entered into an agreement with the trustee in bankruptcy under which plaintiff “settled and abandoned any and all claims on account of rental incurred” by the lessee, with the effect of releasing the obligation of defendants as obligors. ① Plaintiff’s reply denied these allegations and also…