Austin Manufacturing Co. v. Duerr

Citations

• 19 Pa. Super. 560
• 1902 Pa. Super. LEXIS 151

Syllabus

<p>Contract — Principal and surety — Estoppel—Agreement to indorse notes.</p> <p>Where the general manager of a corporation at the time of purchasing machinery for his company, in response to a request from the vendor, wires that he will indorse the notes of the company given in payment for the machinery, and thereafter the vendor accepts cash for about four fifths of the purchase money, and retains without objection a note of the corporation without tlie general manager’s indorsement, and receipts for the note in writing, the vendor cannot after the insolvency of the corporation hold the general manager liable for the amount of the note.</p>