Hobson v. Hassett

Citations

• 76 Cal. 203
• 18 P. 320

Syllabus

<p>Promissory Note—Undisclosed Principal—Liability op Agent Signing. — A person signing a promissory note in his own name, with the addition of the word “president” to his signature, without anything on the face of the note indicating the principal, if any, for whom he is acting, is individually liable on the note. In such a case, the addition of the word “president” is a mere descriptiopersonce.</p> <p>Id.—Renewal Note — Consideration. — The cancellation and surrender of the note of a corporation is a sufficient consideration to support a renewal note executed by its president in his individual name.</p>