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GUARANTEE TRUST CO. v. COLLINGS

No. 5588.

76 F.2d 870 (1935)

GUARANTEE TRUST CO. v. COLLINGS et al.

Circuit Court of Appeals, Third Circuit.

March 1, 1935.

Attorney(s) appearing for the Case

Cole & Cole and C. L. Cole, all of Atlantic City, N. J., for appellant.

Walter Carson, of Camden, N. J., for appellees.

Before BUFFINGTON, DAVIS, and THOMPSON, Circuit Judges.

BUFFINGTON, Circuit Judge.

In the court below four men brought suit against the Guarantee Trust Company to recover on its guarantee, under its former corporate name, the amount payable on certain bonds and coupons issued by the Linwood Country Club. The guarantee, which was indorsed on said bonds, reads as follows:

Trust Company "For Value Received, and in consideration of the purchase of the within bond by the Holder assumes and guarantees the payment of...

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