Candee, Smith & Howland Co. v. Bendish Contracting Co.

Lewis, David C., J.

The Bendish Contracting Co., Inc., as maker, executed a series of promissory notes dated the 25th day of April, 1932, payable to the order of the General Flooring and Stucco Corporation, maturing on different dates and indorsed before delivery by Philip J. Bendish as an accommodation indorser.

Each note contained the following legend: “This note is No. ( ) of a series of nine notes, that upon default in the payment of any one of the notes the remaining notes shall immediately become due and payable without notice.”

"Upon receipt of the said series of notes by the payee, it…