Meek v. Black
Supreme Court of Alabama
Error, from a decree in Chancery, in Tuskaloosa County. The bill in this case was filed by James Meek, John Meek and Samuel M. Meek, then lately merchants and copartners in trade.
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Error, from a decree in Chancery, in Tuskaloosa County. The bill in this case was filed by James Meek, John Meek and Samuel M. Meek, then lately merchants and copartners in trade. It set forth, that on or about the 22d day of September, 1826, the complainants appointed William MiJliard/latc of Rich-land, in the State of South Carolina, their agent, for the purpose of procuring money for the complainants, at the Branch Bank of the State of South Carolina; and to effect which, the complainants executed a promissory note, for the sum of three hundred and seventy five dollars, payable sixty days…
1Opinion of the CourtTaylor, J.
The bill itself, in this case, shows, that the note executed by the complainants, to Black and Hilliard, was made with the intention of having it discounted in Bank, for the accommodation of the drawers; that it was so discounted, and the money paid over to the complainants.
It would be unnecessary to adduce authorities, to show, that accommodation indorsers occupy, as to the drawer of a note, the situation of securities.— Black and Hilliard were securities to the Bank for the complainants as much as if they had executed the note as such. Although as to the; Bank, or strangers, who might have…
2Cited by2 opinions
- Bradley v. BentleySupreme Court of Alabama · 1935
- Lyon v. RobertsonSupreme Court of Alabama · 1873