Bank of the United States v. Lunenfeld

This is an action on two promissory notes brought by the Bank of United States against Julius Lunenfeld. The two notes were executed on June 18, 1929, by the Bader-Eisenstein Realty Corporation through its president, Sam H. Ellman, and were made payable to the order of the Canal Securities Corporation. Both notes bear the indorsements of J. Lunenfeld, Sam H. Ellman, Canal Securities Corporation by Louis Rosetti, president, and A. Dolowitz, secretary, in the order named. The defendant J. Lunenfeld is an accommodation indorser on both notes. The two notes were discounted by the plaintiff for…