Peoples Trust Co. v. O'Neil

Harold G. O’Neil, a defendant, made and delivered to the respondent two demand negotiable promissory notes, for which he received the consideration. The appellant Ella S. O’Neil, his mother, prior to delivery of the notes, guaranteed the payment thereof by indorsing on the back of each the following: “ For value received I hereby guarantee the payment of the within note and hereby waive demand of payment, protest and notice of protest on the same.”

She never made any payments on the notes. Her son, the maker, made certain payments, but not as her agent or with her authority. It is conceded…