Arlington Trust Co. v. Pappalardo

This is an action in contract to recover on a promissory note which was allegedly endorsed by the defendant as an accommodation maker.

At trial there was evidence tending to show that: The defendant was an officer and shareholder of a corporation known as Flamingo Bay, Inc. (hereinafter Flamingo) from 1970 until the time of trial.

On or about December 16, 1970, Flamingo issued a promissory note in the amount of $125,000.00 with the plaintiff, Arlington Trust Company, as payee. The note was a demand instrument, and it was signed by the defendant as vice-president of Flamingo, as well as by the…