Merchants National Bank v. Vandiver

The Merchants National Bank of Rome brought an action against Vandiver upon a'promissory note, signed by him, and payable to “ J. King, Pt.” It was conceded on both sides that Vandiver was an accommodation maker of this note, and the only issue at the trial was whether or not he signed for the accommodation of the bank or for the personal accommodation of J. King, who was the bank’s president. . Of course, the bank could not recover from Vandiver on this paper if he had executed the same for its accommodation. It could, however, recover if King was the party accommodated, and, as such, had…