Early & Lane v. Chamberlain

Opinion by

Quinan, J.

§ 920. Surety. “He that is surety for a stranger shall smart for it, and he that hateth suretyship is sure.”

§ 921. Indorser; surety; acceptance of. H. was indebted to E. & L. by note past due. He desired an extension of time for the payment of the note, and in order to obtain it presented to M., the agent of E. & L., a new note, with C. as indorser thereon. M. took the note subject to the ratification of E. & 'L. In a few days thereafter M. informed H. that E. & L. would not accept the new note in place of the old one. H. informed O. of this fact. Subsequently, however, E.…