Barrett v. Vaughan & Co.

Barrett and Brother, a partnership, executed a negotiable note dated June 9, 1921, for $20,000, payable on demand to the order of Vaughan and Company, bankers. Before delivery the note was indorsed by several parties, among them one H. A. Barrett, not a partner. On May 1,1922, the payee *813obtained a judgment by confession for the full amount of the note, including interest, costs and attorney’s fee, against the makers and all indorsers. Two executions were issued on the judgment, one was returned by the sheriff marked “no effects” and a small sum was collected on the other. On December 6, 1932,…