Comolli v. Lampesis
Supreme Court of New Hampshire
1Opinion of the CourtLampron, J.
The defendant became a maker on the note as an accommodation to his brother James and it could be found to have been also at his request. Leonard v. Woodward, 305 Mass. 332. The consideration for the note, and an assignment not material here, was an advance of $2,200 made to James by the plaintiff. All of these facts were known to Comolli.
Under R. L., c. 366, s. 29, an accommodation maker “is liable on the instrument to a holder for value.” The $2,200 advanced to James by Comolli constituted consideration or value to support James’ promise as maker as well as that of the defendant. Johnson v.…
2Cases cited5 opinions
- Leonard v. WoodwardMassachusetts Supreme Judicial Court · 1940
- Dunning v. DunningNew York Court of Appeals · 1950
- Schoenwetter v. SchoenwetterWisconsin Supreme Court · 1916
- Stoughton Trust Co. v. PikeMassachusetts Supreme Judicial Court · 1933
- Johnson v. FavazzaMassachusetts Supreme Judicial Court · 1950