Merchants' Finance Co. v. Commonwealth Pipe & Supply Co.

This is an action by the payee against the maker and an individual and corporation indorser of a negotiable promissory note for $1,800, dated September 13, 1923. A verdict was ordered for the plaintiff against the maker and an individual indorser, and for the corporation *423indorser, whose indorsement purported to have been made by the Daniel Russell Boiler Works, Incorporated, through Daniel Russell, treasurer. This corporation will be referred to as the defendant.

The only exception is to the order directing a verdict for the defendant. In its answer it sets up, among other things, the defences…