Guetersloh v. CIT Corporation

DENTON, Chief Justice.

This is a suit on a promissory note by C. I. T. Corporation against M. F. Gueter-sloh, as maker of the note, and Herman Guetersloh, as co-maker and guarantor of the note. The trial court reformed the note and granted judgment for the plaintiff. The defendants have perfected an appeal to this court on eleven points of error.

On May 22, 1965, plaintiff C. I. T. Corporation made a loan to defendant M. F. Guetersloh which was evidenced by a promissory note in the face amount of $162,215.13 at 10 per cent interest. In actuality, the principal amount loaned was $125,000.00, and…