Feucht v. Keller

EDGERTON, Associate Justice.

Plaintiffs, as liquidating trustees of the Fletcher American National Bank of Indianapolis, sued Keller as guarantor of a collateral trust note for $12,000 made by White’s Restaurant Company, of Indianapolis, to the order of the bank. The District Court directed a verdict for the de-fondant on the ground that the suit was barred by the statute of limitations, and plaintiffs appeal.

In May, 1928, the restaurant owed the bank $12,000, represented by three notes endorsed by Keller. The bank and other creditors of the restaurant agreed to refund its obligations, and on…