Perron v. First National Bank

Menezippe Perron, now deceased, was president of the Wolverine Delta Motor Company prior to 1922. On October 31st of that year, he became indorser with other parties on a note drawn by Marcel LaFleur, for the benefit of the company, in the amount of $15,000, payable to defendant bank. On December 31, 1925, the motor company, through its officers, executed a promissory note to the same bank for a like amount, upon which Perron was likewise one of the indorsers. Both notes were given for company obligations, the indorsers waiving presentment for payment, demand, protest, and notice of protest…