CLAGETT, Associate Judge.
Plaintiff was payee of a $5000 demand note made by Black Eagle Airlines, Inc., through its president, Hubert F. Julian, and its secretary, W. B. Graham. As such payee he sued defendants Jesse O. Dedmon, Jr. and Lloyd Von Blaine for $1250 each on the following indorsement which appeared on the back of the note:
"For value received we hereby guarantee payment of the within note without demand, notice, or protest, and hold ourselves...
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