Sussex National Bank v. Carew

Citations

• 27 Del. 444
• 4 Boyce 444
• 89 A. 134
• 1913 Del. LEXIS 64

Syllabus

<p>Bills and Notes—Accommodation Indorsers—Release from Liability—Transfer of Collateral Security.</p> <p>The act of the maker of a note, who had delivered a mortgage of indemnity to accommodation indorsers, in procuring an assignment of the mortgage to the indorsee, discounting the note in due course on account of the maker, and in lodging the assignment for record, is not of itself a delivery of the assignment, so as to bind the indorsee to accept it and discharge the indorsers.</p>