Northern Bank & Trust Co. v. Coffin

Citations

• 113 Wash. 326
• 194 P. 404
• 1920 Wash. LEXIS 860

Syllabus

<p>Bills and Notes (135, 136) — Actions—Evidence—Sufficiency— Delivery and Consideration. Findings that defendant’s note was given for the accommodation of the president of a hank, and not for the bank, are sustained where it appears that, on solicitation, he executed a note to the bank, which was deposited to his credit, and checked out by check to “cash” delivered to the president, who gave his personal note in the same amount and terms to'the defendant, the president testifying that it was intended as a loan to him and that he agreed to pay- defendant’s note to the hank, and defendant showing no warrant for his belief that the transaction was other than it appeared on its face.</p> <p>Husband and Wife .(74) — Community Property — Community Debts — Credit to Husband. A husband’s note to a hank constitutes a community debt, and not a separate debt as a surety for the president of the bank, where the transaction amounted to a loan for the accommodation of the president, who gave his individual note in return, and received the proceeds of the bank note, which was credited to the husband and checked out by him in favor of the president.</p>