Parker v. Vrooman

1. “An accommodation party is one who has signed the instrument as maker, drawer, acceptor or indorser without receiving value therefor and for the purpose of lending his name to some other person. Such a person is liable on the instrument to a holder for value, notwithstanding such holder at the time of taking the instrument knew him to be only an accommodation party.” Code, § 14-306. And it has been held that, “under the negotiable instruments law, the rule is that, where a person, not otherwise a party to an instrument, places thereon his signature in blank before delivery for the…