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LADD & BUSH v. HAYES

No. 9069.

105 F.2d 292 (1939)

LADD & BUSH v. HAYES.

Circuit Court of Appeals, Ninth Circuit.

June 29, 1939.

Attorney(s) appearing for the Case

W. H. Lawrence, of San Francisco, Cal., and Oscar Hayter, of Dallas, Or. (E. L. Crawford, of Salem, Or., of counsel), for appellant.

Elystus L. Hayes and George M. Naus, both of San Francisco, Cal., for appellee.

Before DENMAN, MATHEWS, and HEALY, Circuit Judges.

HEALY, Circuit Judge.

Suit on a contract of guaranty was brought by appellant, Ladd & Bush, an Oregon banking corporation, against appellee, Hayes, a citizen and resident of California. The cause was tried without a jury and judgment given in appellee's favor.

The contract, signed by appellee on April 14, 1930, is as follows:

"Guaranty of Indebtedness. In consideration of One Dollar and of present and future loans and extensions of credit to L...

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