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Abstract

In the recent case of Midland Nat. Bank v. Security Elevator Co. (Minn. 1924) 200 N. W. 851, the important question arises as to whether there need be a communicated acceptance of a guaranty in order to consummate a binding undertaking on the part of the guarantor. On this question there is great confusion in the authorities, both as to results and as to reasoning.

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