Bank v. . Walser

WALKER, J., concurring in part; ALLEN, J., concurring in the opinion of WALKER, J.; HOKE, J., concurring in part. This action was brought by the plaintiff on a (55) note given by defendants to H. P. Reynolds Co. or bearer, at Lexington, N.C. 13 September, 1907, due 30 months after date, with interest, and payable at National Bank of Lexington. The plaintiff acquired the note at its bank in Pennsylvania, 4 May, 1908, and gave $350 credit therefor to H. P. Reynolds on his checking account. The note was indorsed, "For value received, I hereby guarantee payment of the within note at maturity. 4…