Madison Natl. Bank v. Weber

There are certain salient facts in this case which must be kept clearly in mind and in order that the proper rule be applied to the admitted facts each fact must be weighed and considered in its relation to every other fact in attempting to steer a clear course between decisions which on a cursory reading appear to be in conflict.. The guaranty in the instant case was given before any credit was extended by the bank, and the guaranty is limited to an indebtedness of $10,000, and the bank extended credit in the sum of $11,500, and thereafter the debtor became insolvent, whereupon the creditor…