Buchanan v. Mechanics' Loan & Savings Institution
Court of Appeals of Maryland
Appeal from an order of the Circuit Court for Washington County (Stake, J.) sustaining exceptions to an auditor’s account, distributing the assets of the insolvent firm of J. C. Dayhoof & Co.
1Opinion of the CourtFowler, J.
The appellant was a creditor of John C. Yessler, who was a member of the firm of J. C. Dayhoof & Company. Yessler held the promissory note of his firm for the sum of $2,000, payable to his own order one year after date. In the early part of March, 1894, Yessler endorsed this note before maturity to the appellant as collateral security for the payment of an indebtedness of $815, of which $500 was evidenced by a note of said Yessler for that amount, and the remainder consisted of an open account of $315 for cash loaned at various times. Subsequent to the endorsement of the firm’s note of $2,000…
2Cases cited5 opinions
- Swift v. TysonSupreme Court of the United States · 1842
- Maitland v. Citizens' National BankCourt of Appeals of Maryland · 1874
- Williams v. HuntingtonCourt of Appeals of Maryland · 1888
- Citizens' National Bank v. HooperCourt of Appeals of Maryland · 1877
- Smyth v. STRADERSupreme Court of the United States · 1845
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- Fair Loans, Inc. v. WilkinsonCourt of Appeals of Maryland · 2001