Bank of Barnwell v. Sixth National Bank

Citations

• 28 Pa. Super. 413
• 1905 Pa. Super. LEXIS 213

Syllabus

<p>Banks and banking — National banks — Guaranty—Illegal contract — Bill of exchange.</p> <p>A national bank has no power or authority to become a mere accommodation indorser or guarantor of the payment of a debt of another, without benefit to the bank.</p> <p>No action will lie on the promise of the cashier of a national bank to pay the draft of a third person on one of its customers, to be drawn at a future day.</p>