Raleigh Banking & Trust Co. v. York

On the face of the note sued on in this action, the defendants, C. Y. York and H. A. Underwood, each having admitted in his *627answer that be signed bis name as appears tbereon, are makers or principals, and are liable as sucb, both to tbe plaintiff, as bolder of tbe note, and to tbeir eodefendant, Willis Smith, as endorser. In tbe language of tbe statute, botb said defendants are “absolutely required to pay tbe note.” C. S., 2977. Nothing else appearing, they are liable primarily to tbe plaintiff for the amount due on tbe note at tbe commencement of this action. Tbeir liability is that of…