H. C. Bell v. Bean

Citations

• 75 Cal. 86
• 16 P. 521

Syllabus

<p>Promissory Note—Want op Consideration—Bona Fide Pledgee.— A bona fide pledgee of a promissory note which was executed without consideration cannot hold the maker liable thereon to any greater extent than the amount of the debt for which it was pledged.</p> <p>Id.—Note Given in Settlement op Claim por Damages. — A promissory note given by the maker in settlement of a claim for damages for which he was not liable, and for which the payee of the note admitted he was not liable, but which he was induced to execute by reason of threats that if he did not he would be sued on the claim, and thereby be put to a corresponding expense, is without consideration.</p>