Cowan v. Hudson

Citations

• 105 Miss. 507
• 62 So. 275

Syllabus

<p>Bills and Notes. Accommodation endorser. Consideration.</p> <p>Where the maker of a promissory note delivers it to the payee who afterwards without the maker’s knowledge procures another party without a new consideration to sign the note by telling him it will help the payee at the bank and the note is never presented to the bank, on a suit by the payee against both the signers of the note, the second signer cannot be held liable, as in effect he is simply an accommodation endorser without separate consideration.</p>