Sulunias v. Poolos

Sulunias executed a negotiable promissory note payable to the order of Poolos, -who lost the note without having indorsed it, and ■ after maturity brought suit against the maker to recover the sum due thereon. Sulunias filed an equitable petition seeking to restrain the progress of the suit, unless indemnified by bond or otherwise against a possible demand which might be made against him by some third person-holding the note. The’court refused the injunction, and the plaintiff excepted. Reid:

1. Such a note as described above stands on the basis of a non-negotiable instrument, until properly…