Helmer v. Commercial Bank
Nebraska Supreme Court
Error to the district court for Gage county. Tried below before Broady, J. The guaranty was not an indorsement in the sense of cutting off the maker's defenses. (Lamorieux v. Hewitt, 5 Wend. [N. Y.], 307; Miller v. Carton, 2 Hill [N. Y.], 188; Snevily v. Ehel, 1 W. & S. [Pa.], 203; Cannon v. Norton, 14 Yt., 178; Andrews v. MeCoy, 41 Am. Dec., 72; Omaha Nat. Banh v. Wallcer, 5 Fed. Rep., 399; Trust Co. v. Nat.
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Error to the district court for Gage county. Tried below before Broady, J. The guaranty was not an indorsement in the sense of cutting off the maker's defenses. (Lamorieux v. Hewitt, 5 Wend. [N. Y.], 307; Miller v. Carton, 2 Hill [N. Y.], 188; Snevily v. Ehel, 1 W. & S. [Pa.], 203; Cannon v. Norton, 14 Yt., 178; Andrews v. MeCoy, 41 Am. Dec., 72; Omaha Nat. Banh v. Wallcer, 5 Fed. Rep., 399; Trust Co. v. Nat. Banh, 101 U. S., 68.) One who takes paper as collateral security is not a bona fide holder for value. (1 Daniel, Neg. Inst., 729, 741; Banh of Hall, 6 Ala., 639 ; Andrews v. MeCoy, 8…
1Opinion of the CourtMaxwell, J.
This action was brought on a promissory note of which the following is a copy:
“$210. Marysville, Kansas, May 13, 1887.
“ Eight months after date I, we, or either of us, promise to pay to the order of A. H. Warren $210, at the First Nat’l Bank, of Marysville, Kansas, with interest at twelve per cent per annum from date until paid, for value received,
“Christ Helmer.
“No. 19362. Due-, 188 — . P. O., Wymore, Neb. (Bank of Wymore Coll., No. 2796, Wymore, Neb.)”
(Indorsed:) “G. B; Jennings. 4389. For value received I hereby guarantee payment of the within note and waive demand and notice of protest on…
2Cases cited12 opinions
- Heard v. Dubuque County BankNebraska Supreme Court · 1878
- Logan v. SmithSupreme Court of Missouri · 1876
- Meyer v. EvansSupreme Court of Iowa · 1885
- Buchanan v. International BankIllinois Supreme Court · 1875
- Bone v. TharpSupreme Court of Iowa · 1884
7 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Dunham v. PetersonNorth Dakota Supreme Court · 1896
- Mangold & Glandt Bank v. UtterbackSupreme Court of Oklahoma · 1916
- Ayres v. WestNebraska Supreme Court · 1910
- Hurlbut v. QuigleyCalifornia Supreme Court · 1919
- Pollard v. HuffNebraska Supreme Court · 1895
9 more not listed; retrieve them via the Exa API.