Jacobs v. Williams

This action is brought to recover a balance of $6807 40, alleged to be due by the defendant as the endorser of a protested note for $8922 83, drawn to his order, by James D. Spurlock. The defence set up is, that the plaintiff, having acquired the note sued on, after protest, holds it subject to all the equities and defences that might have been set up against the original holders, Lambeth and Thompson; that the latter, long before the maturity of this note, and for a valuable consideration, gave time to the maker, James D. Spurlock, without the defendant’s knowledge and consent, whereby he…