Drury v. State Capital Bank of Eastern Shore Trust Co.

'On the day of its date, the defendant J ames O. Drury became the irregular accommodation indorser, before delivery,' of the promissory note, elated June 12th, 1923, of H. Clay Powell to the State Capital Bank of the Eastern Shore Trust Company for the sum of $1,000. This indorsement was made for the benefit of Powell, and, as an inducement to the loan, the indorser represented to the bank that he was the owner of valuable real estate in Anne Arundel County. At the date of the execution of the note*, the defendant Drury and his sister, M. Emily Drury, each owned an undivided one-half interest…