Crane v. Downs

Citations

• 108 Kan. 599
• 196 P. 600
• 1921 Kan. LEXIS 233

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>1. Promissory Note — Findings of Fact.— Evidence. Certain named questioned findings of fact were supported by evidence.</p> <p>2. Same. Part of a certain named questioned finding of fact was not supported by evidence.</p> <p>3. Same — Accommodation Indorser — When Entitled to Notice of Dishonor on Nonpayment. A stockholder, who is also an officer and director in a Missouri corporation, and who, without receiving any direct consideration therefor and without any language of qualification, signs his name' on the back of a note given in Missouri by the corporation to itself to be negotiated for the purpose of procuring money for the corporation, is liable under the Missouri negotiable-instruments law as an indorser, and is entitled to notice of dishonor on nonpayment of the note. (Auto Co. v. Winters, 277 Mo. 425, followed.)</p>