JP Morgan Chase Bank, N. A. v. Earth Foods, Inc.  ·  2008-11-04  ·  Appellate Court of Illinois  ·  pin 108 Ga. at 14

"a guarantor warrants nothing but the solvency of the principal," and, "[b]efore an action can be maintained against a guarantor, *** it must be shown that the principal is unable to perform"

JP Morgan Chase Bank, N.A. v. Earth Foods, Inc.  ·  2008-11-04  ·  Appellate Court of Illinois  ·  pin 108 Ga. at 14

“a guarantor warrants nothing but the solvency of the principal,” and, “[bjefore an action can be maintained against a guarantor, *** it must be shown that the principal is unable to perform”