US SUPREME COURT DECISIONS

A bond by a principal and a surety was conditioned that the principal should pay to V all indebtedness existing or to exist from the principal to V under existing or future contracts between him and V, and waived notice of nonpayment on all notes executed, endorsed or guaranteed by the principal to V. In a suit on the bond, against the obligors, to recover the amount of notes executed by the principal to V, and other notes endorsed and guaranteed by him to V. Held that it was not necessary to allege or show any notice to the surety of a default by the principal in paying V.

The facts are stated in the opinion of the Court.