Citizens' Bk. of Wind Gap v. Lipschitz

Opinion by

Mr. Justice Sadler,

The Citizens’ Bank of Wind Gap brought an action against Morris Lipschitz on a note for $5,000, executed by him on June 8, 1926. He was the treasurer of the Triangle Silk Manufacturing Company, and the evidence shows that he signed and delivered the obligation to make good an acceptance by the company which he represented and which was without current funds necessary to pay therefor. His signature was secured by the president and chief executive of the bank, and one of its directors, so as to make good the account of the corporation, and he was admittedly an…