Lazear v. National Union Bank
Court of Appeals of Maryland
Appeal from the Superior Court of Baltimore City. Lazear Brothers, who had been for some years engaged in the wholesale grocery business, keeping their commercial account in the Western Rational Bank of Baltimore, in 1868, at the invitation of Mr. William W. Spence, a director in the Rational Union Bank of Maryland, transferred their account to the latter bank.
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Appeal from the Superior Court of Baltimore City. Lazear Brothers, who had been for some years engaged in the wholesale grocery business, keeping their commercial account in the Western Rational Bank of Baltimore, in 1868, at the invitation of Mr. William W. Spence, a director in the Rational Union Bank of Maryland, transferred their account to the latter bank. Becoming its depositors or customers, they frequently offered for discount to the appellee country paper, mostly of their Western country customers, which was unknown to the Bank; they also offered notes, to a limited extent, drawn by…
1Opinion of the Court
Guasón, J.,
delivered the opinion of the Court.
This suit was instituted on a written guaranty of the appellant to the appellee, which was executed on the third day of Eehruary, 1870, and is in the following words : “ Eor value received, I hereby guarantee to the National Union Bank of Maryland, at Baltimore, all liabilities to said Bank, of Lazear Brothers, now existing, or which may hereafter arise, to the extent of twenty-five thousand dollars, I hereby holding myself liable to said Bank to that extent for all paper that may he held hy the Bank of Lazear Brothers, eithers as drawers or…
2Cases cited7 opinions
- Fleckner v. President of the Bank of the United StatesSupreme Court of the United States · 1823
- Scott v. LearyCourt of Appeals of Maryland · 1871
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- Bandel v. IsaacCourt of Appeals of Maryland · 1859
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- Black v. Bank of WestminsterCourt of Appeals of Maryland · 1903
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