Case Name: SRUTEK v. NART & COMPANY
Court: Ohio Court of Appeals
Jurisdiction: Ohio
Decision Date: 1923-04-16
Citations: 1 Ohio Law Abs. 374
Docket Number: 
Parties: SRUTEK v. NART & COMPANY
Judges: 
Reporter: The Ohio Law Abstract
Volume: 1
Pages: 374–374

Head Matter:
No. 362
SRUTEK v. NART & COMPANY
Ohio Court of Appeals, Cuyahoga County
No. 4319.
April 16, 1923
This opinion has not been published except in Abstract
GUARANTIES — (1) Where a continuing guaranty exists — (2) Construction of guaranties — (3) Continuing guaranty must be revoked before it ceases ■ to operate unless its operation is limited by its terms.
Error to Cuyahoga Common Pleas
Judgment Affirmed
Attorneys — Clum & Marty, for Srutek; Price Crum & Shepherd, for Hart & Co.

Opinion:
PER CURIAM.
Epitomized Opinion
This was an action brought by Hart & Company on an instrument of guaranty. It guaranteed th< payment of all goods purchased by Kvet and die not specify any length of time for its duration Hart & Co. were wholesale milliners, and as Kve was about to enter the millinery business this guar antry was given in order for her to obtain credit Kvet purchased large quantities of goods and wa: a continuous buyer from the inception of the credi in 1911 down to 1920. The guaranty was neve: revoked. Kvet paid all of her bills promptly excep the last, which was for $2200., A judgment wa then obtained against her and suit brought againb Srutek, as guarantor. Judge Cull held that ih guaranty was a continuing guaranty and permittp. recovery. Srutek prosecuted error. In sustainiin the judgment of the lower court, the Court q Appeals held: •
1. The guaranty was a continuing guaranty a no evidence was introduced showing an interruption in the relationship between the parties.
2. A contract will be construed as a continuim guaranty if it appears that a future, course of deal ings for an indefinite time or a succession of credijt is contemplated by the parties. 1
3. Unless the word in which the guaranty is ey pressed fairly imply that the liability of a guarantto is to be limited, it continues until revoked.