Preece v. Burn's Administrator

Opinion of the Court by

Judge Rees

Affirming.

Phillip Preece and R. C. Burton were accommodation indorsers on a note for $5,000 executed to Mrs. Cora Burns by the Hope Construction Company. The note was also indorsed by three officers of the company. Mrs. Burns sued on the note, and Preece and Burton resisted payment, setting up several defenses. Default judgment was rendered against the company and the other three indorsers. Trial was had on the issues made by Preece and Burton, and judgment was rendered against them. They were granted an appeal, and on January 10, 1934, they executed a…