Commercial Credit Co. v. Fry

Commercial Credit Company sued W. C. Dunham, R. E. Crawford, E. A. Ery, and A. W. Wood on a $3000 promissory note, payable to “myself,” signed “W. C. Dunham,” and indorsed on the back by all of the foregoing parties. Dunham filed no defense. The other defendants pleaded: (1) that they signed as accommodation indorsers at the instance of Dunham, who was acting as the plaintiff’s agent'in obtaining their signatures; that Dunham indorsed and delivered the note to his principal, Commercial Credit Company; that this company furnished the sole consideration for the note, was really the original…