Brunson v. Bridges

Hall, Presiding Judge.

Wayne Brunson and J. D. Howie, desiring to enter a joint business venture, sought a loan from the National Bank of Georgia, but were told that no loan could be made without the signature of an accommodation endorser of some financial strength. Jesse L. Bridges agreed to sign the note with them and the loan was made, Brunson and Howie signing as co-makers after Bridges had signed on the back as an endorser. Bridges received none of the note proceeds.

With the proceeds of the note, Brunson and Howie purchased a group of baby chairs, and contributed them to the capital of…