State Bank v. Jeltz

Citations

• 101 Kan. 537
• 167 P. 1067
• 1917 Kan. LEXIS 139

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>1. Promissory Note — Signature that of Maher — Liability. If a person placing his name on a promissory note do not clearly indicate by appropriate words an intention to be bound in a special capacity, and sign as maker, his liability to the holder is that of maker, although his relation to a comaker be that of surety.</p> <p>2. Same — Comaker—Disposition of Proceeds of Chattel Security. By making a promissory note the maker engages to pay it according to its tenor, and he is not interested in the manner in which the proceeds of chattel security, given by a comaker to secure the note and other indebtedness of the comaker, are applied.</p>