Farmers' National Bank v. Marshall
Superior Court of Pennsylvania
Appeal, No. 81, Oct. T., 1898, by defendant, from judgment of C. P. Chester Co., April T., 1897, No. 61, on verdict for plaintiff. Opinion by Smith, J. Assumpsit. Before Hemphill, P. J. The defendant was accommodation indorser of two notes for $200 each discounted by plaintiff. At the maturity of the notes the bank took from Brick, the maker, a note at sixty days for $900 which included the notes in suit and another of $500, not indorsed by defendant.
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Appeal, No. 81, Oct. T., 1898, by defendant, from judgment of C. P. Chester Co., April T., 1897, No. 61, on verdict for plaintiff. Opinion by Smith, J. Assumpsit. Before Hemphill, P. J. The defendant was accommodation indorser of two notes for $200 each discounted by plaintiff. At the maturity of the notes the bank took from Brick, the maker, a note at sixty days for $900 which included the notes in suit and another of $500, not indorsed by defendant. This $900 note was discounted and renewed from time to time and payments were made reducing the same to $600, which payments were applied under…
1Opinion of the Court
Opinion by
Smith, J.,
The plaintiff held two negotiable notes of T. S. Brick, for $200 each, on which the defendant was indorser; and another note of $500, indorsed by Davis Pennock only. The notes not having been paid at maturity were protested, and it is alleged that notice of protest was mailed to the indorsers. Subsequently the plaintiff took from the maker a promissory note for $900, in part as collateral for the two notes indorsed by the defendant. This collateral note was renewed from time to time, on payment of the interest, and was finally reduced by payments to $600. The maker when…
2Cases cited21 opinions
- Huntley v. WhittierMassachusetts Supreme Judicial Court · 1870
- Darlington's AppealSupreme Court of Pennsylvania · 1878
- Whitmore v. Dwelling House Ins.Supreme Court of Pennsylvania · 1892
- Briggs v. HerveyMassachusetts Supreme Judicial Court · 1881
- McCartney ex rel. First National Bank v. KippSupreme Court of Pennsylvania · 1895
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3Cited by4 opinions
- Marwitz's EstateSupreme Court of Pennsylvania · 1926
- Estate of BishopSupreme Court of Pennsylvania · 1900
- Cochran v. SlomkowskiSuperior Court of Pennsylvania · 1905
- Erlandson v. ErskineMontana Supreme Court · 1926