Stackpole v. Dakota Loan & Trust Co.

Citations

• 10 S.D. 389
• 73 N.W. 258
• 1897 S.D. LEXIS 76

Syllabus

<p>The payee of a bond secured by mortgage, who, on assigning it, guarantied “the collection of the principal sum * * * within six months after maturity,” etc., was released from liability as guarantor, where the assignee did not bring any action to enforce the claim until two years after maturity, and gave no reason for such delay.</p>