Richards v. Foss

An action on the indorsement by the defendant of a promissory note of the United States Products Corporation.

The United States Products Corporation was organized by the plaintiff and his son-in-law to promote the sale of a preparation of ammonia prepared according to a certain formula and under a trade name. The plaintiff had advanced considerable money to the corporation from time to time, and'desired to withdraw and be relieved of his financial obligations.

The defendant prior to his indorsement of the corporation note to the plaintiff, which was given in part payment for advances, had…