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Fidelity Union Trust Co. v. Galm

Decided: May 16, 1932.

FIDELITY UNION TRUST COMPANY, RESPONDENT,
v.
OLA E. GALM, APPELLANT



On appeal from the Supreme Court.

For the respondent, Hood, Lafferty & Campbell.

For the appellant, Joseph J. Corn.

Case

The opinion of the court was delivered by

CASE, J. This is an appeal by the defendant from a judgment rendered in the Essex Circuit against her and in favor of the plaintiff on a jury verdict of $22,409.45, that sum being $20,000 principal, with interest and costs added. The action was on a contract of guaranty purporting to have been signed by the defendant on December 19th, 1927, and which reads as follows:

"Newark, N.J., December 19th, 1927.

For and in consideration of the sum of one dollar to me in hand paid by Fidelity Union Trust Company, Citizens Branch of Newark, the receipt whereof is hereby acknowledged, and for other good and valuable considerations, I hereby guarantee to said bank, its successor, successors or assigns, payment at maturity of the bills, notes, checks, or other evidences of debt, not exceeding the sum of twenty thousand dollars, either made or endorsed by Adolph C. Galm, already discounted or which may hereafter be discounted by said bank for the said Adolph C. Galm, together with all legal or other expenses of or for collection; demand of payment and notice of protest waived.

And I hereby declare this guaranty to be a continuing guaranty of the payment of such bills, notes, checks, or other

evidences of debt, up to said sum of twenty thousand dollars either made or endorsed by said Adolph C. Galm until revoked by me in writing and a copy of such revocation delivered to said bank.

In the presence of:

C. W. HOLWEG."

OLA E. ...


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