Karp v. Finder

Full title: Bernhart Karp, Appellee, v. Harold J. Finder, Appellant

Court: Appellate Court of Illinois, First District

Date published: Jan 7, 1942

312 Ill. App. 654 (Ill. App. Ct. 1942)

38 N.E.2d 788

Opinion

Gen. No. 41,593. (Abstract of Decision.)

Opinion filed January 7, 1942

GUARANTY, § 9^_ — guaranty given simultaneously with sale of mortgage as supported by common consideration. In an action to recover upon the guaranty of payment of third-mortgage notes, where the sale of the notes was completed and the guaranty of payment took place on the same day, the consideration paid supported both the sale of the mortgage and defendant's guaranty.

_ See Callaghan's Illinois Digest, same topic and section number.

Appeal from Circuit Court of Cook county; Hon. RAY D. HENSON, presiding.

Judgment affirmed. Heard in third division, first district, this court at February term, 1941.

Archie Schimberg, for appellant;

Samuel J. Horwitz and Arthur J. Bernstein, for appellee.

Opinion by PRESIDING JUSTICE BURKE.

"Not to be published in full." Opinion filed January 7, 1942.