Conclusive admission under guarantee deed bound guarantors, restoring joint and several liability for the decree against the principal debtor.

Under the guarantee deed, admissions, settlements, or statements between the bank and the principal debtor were treated as conclusive evidence binding the guarantors. Once the principal debtor's liability had been restored and stood as a decree on admission, the guarantors could not resist enforcement on the basis of their own objections. The contractual clause extending conclusiveness to the guarantors supported their liability, and the decree against them was restored, leaving them jointly and severally liable to satisfy the amount due.

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Issues: Whether the guarantors were liable to satisfy the decree against the principal debtor when the decree had been confirmed on admission and the guarantee deed made such admission conclusive against them.

Analysis: The decree against the principal debtor had already been restored and stood as a decree on admission. The guarantee deed expressly provided that any action, settlement, statement, or admission between the bank and the principal debtor would bind the guarantors as conclusive evidence. In that contractual setting, the guarantors could not resist liability once the principal debtor's liability had been conclusively determined. Their unsatisfactory undertakings and the filing of a separate suit during the pendency of the proceedings reinforced the need to confirm the decree against them.

Conclusion: The guarantors were held liable under the guarantees and the decree against them was restored, making them jointly and severally liable to satisfy the amount due.

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