COLONIAL FILM & EQUIPMENT COMPANY, INC. v. MacMillan Professional Magazines, Inc.

Smith, Judge.

We reverse the trial court’s grant of appellee’s motion for directed verdict.

Appellee, MacMillan Professional Magazines, Inc., brought suit on an account and on nineteen promissory notes. Appellants, Colonial Film & Equipment Company and Taylor Hoynes, Jr., signed each of the notes as joint makers. The payment promise in each note said, "[W]e promise to pay”; the waiver clause applied to "each of us”; and the signatural portion of each, located at the bottom on the right of the face of each, appeared:

"Given under the hand and seal of each party.

Colonial Films [typewritten] L. S.

Ta…