National Bank of Commonwealth v. Law
Massachusetts Supreme Judicial Court
Contbact against the first-named defendant as maker, and the other defendants as indorsers, on the following promissory note: “$3000. New York, January 20,1877. Four months alter date I promise to pay to the order of Charles F. Parker & Co. three thousand dollars at the National Bank of Commerce, Boston, Mass. Value Received. Alexander Law.”
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Contbact against the first-named defendant as maker, and the other defendants as indorsers, on the following promissory note: “$3000. New York, January 20,1877. Four months alter date I promise to pay to the order of Charles F. Parker & Co. three thousand dollars at the National Bank of Commerce, Boston, Mass. Value Received. Alexander Law.” On the back of the note was the name “ John Savery’s Sons,” and under it “ Charles F. Parker & Co.” Trial in the Superior Court before Rockwell, J., who reported the case for the determination of this court, in substance as follows: The note in suit was…
1Opinion of the CourtGray, C. J.
It is unnecessary to consider whether, according to the decisions of this court upon promissory notes made before the St. of 1874, e. 404, took effect, the defendants, by reason of their signature having been placed upon the back of this note before its delivery to the payees, would have been deemed original promisors and jointly liable with the maker whose name appears upon the face of the note ; because by this statute it is enacted that “ all persons, becoming parties to promissory notes payable on time, by a signature in blank on the back thereof, shall be entitled to notice of the…
2Cases cited2 opinions
- West St. Louis Savings Bank v. Shawnee County BankSupreme Court of the United States · 1877
- Angle v. North-Western Mutual Life InsuranceSupreme Court of the United States · 1876
3Cited by18 opinions
- Johnson & Kettell Co. v. Longley Luncheon Co.Massachusetts Supreme Judicial Court · 1910
- J. G. Brill Co. v. Norton & Taunton Street Railway Co.Massachusetts Supreme Judicial Court · 1905
- Phipps v. HardingCourt of Appeals for the Seventh Circuit · 1895
- Thilmany v. Iowa Paper Bag Co.Supreme Court of Iowa · 1899
- New Hampshire National Bank v. Garage & Factory Equipment Co.Massachusetts Supreme Judicial Court · 1929
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