Jones v. National Building Ass'n
Supreme Court of Pennsylvania
Error to the Court of Common Pleas of Lackawanna county: Of January Term 1880, No. 235. Feigned issue, wherein the National Building Association was plaintiff, and David L. James and David T. Jones, defendants, to determine the’liability of the latter as surety on a promissory note given by James to the association.
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Error to the Court of Common Pleas of Lackawanna county: Of January Term 1880, No. 235. Feigned issue, wherein the National Building Association was plaintiff, and David L. James and David T. Jones, defendants, to determine the’liability of the latter as surety on a promissory note given by James to the association. On the 16th of May 1870, James borrowed of the National Building Association, then an unincorporated association, $680, and gave as security for the same to said association his judgment note for $1000. On this note Jones became surety, upon the secretary of the said association…
1Opinion of the CourtJustice Paxson
The learned referee found as matter of fact that at the time the note in controversy was executed, J. M. C. Ranch, the secretary of the building association, represented to David T. Jones, the surety in said note, that he would only be security on the loan for about three mofiths, or until Mr. James, the principal, could get an insurance policy on his house and deposit it with the association; that about ten weeks after, Mr. James procured a policy of insurance on his house, and deposited it with the association ; and that soon after, Mr. Jones demanded of Mr. Ranch a compliance with his…
2Cases cited1 opinion
- Musser v. HydeSupreme Court of Pennsylvania · 1841
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