Warren v. Abbett

The opinion of the court was delivered by

Gummere, J.

The material facts presented by the testimony in this case are as follows: The plaintiff, who was the president of the American Electrical, &c., Company, was liable as an accommodation endorser, upon certain of its paper to the extent of $6,000. Upon the paper falling due the holders thereof pressed for payment, but consented to renew, provided plaintiff would endorse the renewal notes. Before agreeing to do so the plaintiff consulted with the defendant, Abbett, and with one Duryea, who were directors of the company, and told them that if…