California Standard Finance Corp. v. Bessolo & Gualano, Inc.

From the record herein it appears that Bessolo and Gualano, Inc., a corporation, executed its promissory note .for the sum of $15,000 in favor of one Balfour; that later the payee of said note, together with Bessolo and Gualano, each as individuals, executed a guarantee of payment thereof, and thereupon delivered it to the plaintiff, together with a certain bond executed by the defendant Fidelity Union Casualty Company, which purportedly also guaranteed the payment of said note, and which latter instrument was as follows, to-wit:

The promissory note was not paid when it became due and as a result thereof the plaintiff commenced an action against each of said corporations and Balfour, which action allegedly was upon the promissory note, the guarantee and the bond. From the ensuing judgment in favor of the plaintiff, the defendant Fidelity Union Casualty Company has appealed to this court.

It appears that the appellant corporation has its principal office at the city of Dallas, in the state of Texas, but that the bond which represents the obligation which is the subject of the action was executed by the agent of the appellant at the city of Los Angeles, California.

Several of the…