Jain v. Giffin

Early in 1886, W. S. Case and Miles Jain jointly executed to the order of S. B. Austin a promissory note for $650, pay*91able at a date named and bearing a fixed rate of interest. It would appear from the record that Case was the borrower, and Giffin, the appellee, was the loaner of the money, Austin acting as the broker to procure it, and to accomplish the negotiation of the paper. Giffin declined to loan the money except upon the guaranty of Jain’s name, who was supposed to be financially good. Some chattel security seems to have been given, but with this we have no concern. After the paper…