Hefner v. Vandolah

Citations

• 62 Ill. 483

Syllabus

<p>1. Promissory note—ratification, of forged signatures.' One whose name has been attached to a note as surety, without authority becomes liable, if, upon inspection, he admit the signature to be his. After such admission he is estopped from denying the making of the note.</p> <p>2. Previous agency—not necessary. Nor is it necessary, to establish a ratification, that there had been any previous agency created. An act wholly unauthorized may be made valid by a subsequent ratification.</p> <p>3. Admission—when not conclusive. A person who has signed several notes of like character, and, who under a mistake admits the signature of one, especially if not shown him, is not estopped from his plea denying his signature.</p> <p>4. Usury—will vitiate judgment. A judgment founded upon a not< which upon its face reserves an usurious rate of interest should be for thJ principal alone.</p>