Elswick v. Justice

Opinion of the Court by

Bees, Chief Justice

— Be-versing.

On October 16, 1939, K. H. Elswick and Dixie Elswick executed tbeir promissory note, for $525 to James Bevins, W. K. Steele, and Zack Justice, and the payees endorsed tbe note and delivered it to the Pikeville National Bank & Trust Company. Tbe Elswicks executed and delivered to Bevins, Steele, and Justice a mortgage on two tracts of land to secure them against loss by reason of tbeir endorsement. Tbe note was not paid at maturity, and tbe bank brought an action against tbe makers and tbe accommodation endorsers to recover tbe amount of…