Bishop v. Deposit Banking Co.

The action was on a promissory note brought by the Deposit Banking Company against Wesley Bishop and Archie J. Bishop. Recovery was sought against the Bishops as indorsers and guarantors on said note.

The note in question was made to Wesley Bishop & Son, and signed by Elmer Gabriel and Clara Gabriel, as makers, on the 6th day of April, 1923, and indorsed by Wesley Bishop & Son the following day and delivered to the bank. An inspection of the note shows that the printed words, “Demand, notice and protest waived. Payment guaranteed,” were stamped over this indorsement. The note shows by…