Sabanovich v. People's Finance Co.

People's Finance Company of Dallas, a corporation, brought this suit against W. L. Spence and Gus Sabanovich to recover upon a note owned by it in the principal sum of $1,800, executed by J. W. Jones and wife, as principals, and alleged to have been signed by W. L. Spence and Gus Sabanovich as sureties. Jones had been adjudged a bankrupt and he and his wife were insolvent, and were not made parties to the suit. It was alleged that a certain chattel mortgage lien contract executed by Jones and wife also formed a part of the security to the People's Finance Company for the payment of said note,…