Trenton Trust Co. v. Klausman

Opinion by

Packel, J.,

This controversy involves the liability of the appellees, Mark and Michael Klausman, on a note executed by their corporation, The Shoe Back, Inc., payable to the bank appellant.1 The instrument was endorsed as follows:

*402“Mark Klausman, Sec.

Lionel Klausman, Vice Pres.

Michael Klausman, Pres.

The Shoe Rack

Mark Klausman, Sec.”

The appellant’s complaints asserted that the appellees endorsed in their personal capacities. The appellees by preliminary objections contended they endorsed the note in their representative capacities as officers of The Shoe Rack and that therefore the…