Richardson v. Sanger Bros.

On February 5, 1920, appellant, Richardson, executéd and delivered to Sanger Bros., appellee, a written guaranty of any and all indebtedness then owing or thereafter to be incurred by the Farmers’ Union Supply Company in favor of Sanger Bros., to an amount not exceeding $10,000. In consideration of this guaranty Sanger Bros, continued to sell goods on credit to the supply company over a period of years. The latter company afterwards failed, while owing a very substantial balance to appellee, who brought this action against Richardson upon his guaranty for the amount of this balance. The cause…