Wood v. Schwartz

(dissenting), — The promissory note sued upon, dated September 15, 1909, reads:

“On or before September 15, 1911, after date, for value received, we jointly and severally, as principals, promise to pay Jeremiah Tyler or order, the sum of Four Hundred Fifty and no/100 dollars, with interest * * *”

The note was given for purchase money. The makers of the note are as to the holder both principals. As between themselves each may be a principal for his proportionate share of it and surety for the other. McLean v. McLean, 199 N. W. 459, 184 Wis. 495. Through the transaction of which this note and…