Hendrie v. Berkowitz

Citations

• 37 Cal. 113

Syllabus

<p>Fhim Indorsement op Note.—Where one of two partners indorses a note in the name of the firm as, an accommodation for a third person, without the authority or consent of the other partner, such other partner is not bound by the indorsement as to any party taking the note with notice that the indorsement was made in the character of surety j and in such case the burden of proving the authority or consent of the copartner rests on the person holding the note.</p> <p>Notice op Accommodation Indorsement.—If a note is indorsed by a member of a firm, in the firm name, and a third person finds it in the hands of the maker, this is notice that the firm indorsement was for the accommodation of the maker*</p>