Appellate Court of Illinois June 12, 1981, No. 79-1981 (Mitchell v. Peterson)

Mr. JUSTICE LORENZ

delivered the opinion of the court:

This appeal arises from an action brought by plaintiff, Mitchell, the payee of a promissory note, against defendants, Peterson and Michaels, co-guarantors of the note, after the maker defaulted on the third annual installment of the four-year instrument.