Northwestern National Bank v. Rosenquist

This is an appeal from an order overruling a motion of the plaintiff for a judgment notwithstanding the verdict or for a new trial. The plaintiff sued on a contract of guaranty and the defendant answered admitting the execution of a contract purporting to be a guaranty but alleged that it was not delivered for the purpose of having it take effect as such. It was further alleged that there was no consideration for such guaranty, that the indebtedness which purports to have been thus guaranteed was an indebtedness of the First State Bank of Epping, North Dakota, to the plaintiff, to secure…