Carlos v. Murphy Warehouse Co.

Birdsong, Judge.

Promissory Note. H. A. Fleming made a loan of $7,440 to one Pete Caras taking Caras’ promissory note to be paid in 36 equal installments. Before making the loan, Fleming obtained the signature of the appellant Andrew Carlos (Caras’ brother-in-law) on the reverse side of the note as an indorser. The note became delinquent and Fleming’s assignee, Murphy Warehouse Co., Inc. (a corporation owned by the Fleming family) brought suit against Carlos to recover the unpaid balance. In its complaint Murphy Warehouse Co. notified Carlos by making demand for the value of the note plus…