New Hampshire National Bank v. Garage & Factory Equipment Co.

This is an action against a corporation as indorser waiving demand and notice on a promissory note made by the Kittery Garage Company to the order of the plaintiff and payable at its banking house. The defendant pleaded in answer, among other defences not now material, a general denial, want of authority of its treasurer to waive demand and notice, that the indorsement was ultra vires the corporate power of the defendant, and that the defendant was an accommodation indorser.

The president of the plaintiff testified that the note was given to him on the day of its date, that it was signed by…