Douglass v. Orman

The Sir Barton Oil Company, a Kentucky corporation, on January 28, 1921, executed a promissory note for $2,000, payable to Allen County National' Bank of Kentucky, order, due 60 days after date. This note was indorsed at the time of its execution by the plaintiffs and the defendant in order to lend their credit to the maker of the note. The note was delivered to the payee, who thereupon advanced the consideration to the maker. The note was not paid at maturity, and, after demand made, the entire amount was paid by these plaintiffs. The defendant failed and refused to pay aliquot part. Hence…