Ulster Finance Corp. v. Schroeder

The action is brought to recover on a promissory note. The appellants were accommodation indorsers. On a motion for summary judgment the court has struck out the answers of the appellants as sham. The defendants Elmendorf did not appear. Judgment was rendered against the appellants for the full amount. The note was given October 3, 1925, in accord with the terms of a conditional sales contract for the sale of a truck and as a part of *147said transaction. For a clear understanding of the issue between the parties the earlier history of this truck should be stated, particularly in respect to…