Amodeo v. Allen

While “the law is well settled that the accommodation party is not liable to the party accommodated either at common law ... or under the negotiable instruments law” (Perley v. Wing, 82 N. H. 299, 300), the defendant is liable to the plaintiffs as holders for value “notwithstanding [they] at the time of taking the instrument knew him to be only an accommodation party.” R. L., c. 366, s. 29; 5 Uniform Laws Anno. s. 29.

Consideration of defendant’s exceptions to the denial of motions for a nonsuit and a directed verdict raise only the question whether there was any evidence upon which the Court…