Supreme Court of North Carolina September 5, 1897 (Singer Manufacturing Co. v. Draughan)

FuRcHES, J.:

The defendant Draughan was the agent of the plaintiff for selling its machines, and as such agent he

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■entered into a written undertaking for the faithful perform.■ance of his contract, in accounting for and paying over to the plaintiff all monies collected by him under said agency, with the defendant Wade, as his surety.

This undertaking is called a continuing guaranty.