Raitt v. Seltzer

BRENNAN, Chief Judge.

The contractual status of the parties in this action is shown by referring to the plaintiff as the “creditor”, and the defendant as the “guarantor”. The Roll-Away Skate Co. is in fact the principal debtor, and is referred to herein as the “principal”.

This action is brought by the creditor against the guarantor to recover a money judgment under the terms of a written guarantee of payment, whereby the guarantor executed “ * * * an unconditional guarantee of payment * * * ” of all bills for merchandise sold and shipped by the creditor to the principal for a ten months’…