Anna National Bank v. Wingate

This action grows out of the execution, in 1967, of a note by the defendant and his great-uncle, R. V. Tuthill. The parties agree that the proceeds of the note were used to pay expenses incurred by defendant in beginning his law practice and were never repaid by him. There is a further agreement that R. V. Tuthill was an accommodation maker of the note under the provisions of article III, section 3 — 415 of the Uniform Commercial Code (Ill. Rev. Stat. 1967, ch. 26, par. 3 — 415).

Following the death of R. V. Tuthill in late 1967, the payee of the note, the State Bank of Anna, brought suit upon…