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The Supreme Court affirmed the judgment in favor of the respondent, J. L. Mott Iron Works, in its suit against the petitioner, First Nat. Bank of Alken, on a written guaranty. The bank had guaranteed payment to Mott Iron Works for goods sold to the Kaiser Company so that Kaiser could complete its contract and repay advances made by the bank. The bank received proceeds from the goods supplied by Mott Iron Works and allowed those proceeds to be paid to the Kaiser Company. As such, the bank realized the benefi

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