In this action the United States seeks to recover $3,208.16, plus interest, under a "guaranty" by defendants of a promissory note held by the Small Business Administration (SBA) as assignee of the payee bank. The issue presented is whether defendants have been released from their liability by reason of the stipulated facts.
On August 22, 1961, Flair-Acorn, Inc., executed and delivered to...
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