Lowry National Bank v. Hazard

Citations

• 223 Pa. 520
• 72 A. 889
• 1909 Pa. LEXIS 565

Syllabus

<p>Promissory notes — Indorsee against maker — Affidavit of defense.</p> <p>In an action by an indorsee against the maker of a promissory note, an affidavit of defense setting up alleged misrepresentations made by the payee to the maker as the inducement for the note, is insufficient to prevent judgment if it appears from an analysis of the affidavit that the alleged misrepresentations were merely statements of intention or promises by the maker, and not misrepresentations as to any existing facts.</p>