CRAMER, Justice.
This was an action by appellee against James D. Wolfe and Ray Compton, d/b/a Banner Motors, for amounts due on two two notes signed "Banner Motors by Jim D. Wolfe" payable to the Bank in the principal sum of $1,600 dated April 28, 1954 and $3,783.60 dated May 7, 1954; and also against appellant McGhee on a written guarantee dated April 28, 1954, in words and figures as follows:
"For the sum of one dollar and other valuable considerations,...
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