Worth v. Carmichael

D. C. Carmichael, A. C. McLeod, and P. H. Emmett were accommodation indorsers on a note given by William McQueen & Co. to Worth & Worth, as collateral for an acceptance of Worth & Worth in favor of McQueen & Co. Subsequently to their indorsement, these indorsers gave their two joint and several individual notes to Worth & Worth, in lieu of the note which they had indorsed. Worth & Worth brought suit, in the county court, against Carmichael upon one of these individual notes, to which he set up no defense, but confessed judgment, with a stay of execution. Subsequently the present suit was…