Cline v. Receiver of Commercial Nat. Bank

EVANS, Circuit Judge.

The many questions which are raised by appellant with one exception must all be decided against him.

We are satisfied that the extension of time of payment of a judgment note upon which judgment may be entered at any time, before or after due, furnishes a valid consideration for an endorsement.1

The taking of the judgment against the original maker of the note is no bar to an action against the endorser on his endorsement of the note, the original maker not having paid any part of the judgment.2

Appellant’s endorsement can not be successfully disputed by parol evidence…