RIVES, Circuit Judge.
This was an action on a promissory note by the Reconstruction Finance Corporation against the Texas Water Supply Corporation and on a guaranty contract against A. E. Fawcett, Jr., and L. M. Fawcett. The issues on this appeal relate first to the personal liability of the guarantors, and second to the Texas Corporation's counterclaim.
The note was executed September 30, 1942, in the principal amount of $30,950.00 payable ninety days after...
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