Lee v. Cleveland State Bank
Citations
- 108 Miss. 623
- 67 So. 146
Syllabus
<p>1. Guaranty. Burden of proof. Appeal and error. Review.</p> <p>In a suit on a bond given to a bank to secure overdrafts for the purchase of cotton, the sureties have the burden of showing that checks paid by the bank were not' given for the purchase of cotton, but for other purposes, since the true state of facts was peculiarly within the. knowledge of their principal.</p> <p>2. Same.</p> <p>In such case the defendant sureties cannot complain of an erroneous construction of the bond where, had it been construed as they desired, the result would have been the same.</p>
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- “Extension of time on the obligation of a corporation is a sufficient consideration for the indorsement as surety of one who is president and large stockholder.”
- “Extension of time on the obligation of a corporation is a sufficient consideration for the in-dorsement as surety of one who is president and large stockholder.”
Source: CourtListener parenthetical corpus (CC0).
Judges: Cook
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
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