Shephard v. Calhoun

Citations

• 72 Ill. 337

Syllabus

<p>Payment—when indorsed on promissory note, presumed to be made by maker, and not by assignor'. When a general indorsement of a payment appears upon a note, the payment will be presumed to have been made by the maker, who is primarily liable, and not by the assignor upon the note, especially when the indorsement is made by the assignor himself, who has the note in his hands for collection against the maker.</p>