Wolf v. Hostetter

Citations

• 182 Pa. 292
• 37 A. 988
• 1897 Pa. LEXIS 810

Syllabus

<p>Promissory notes — Actions—Joint and several liabilities.</p> <p>Where several persons in succession indorse a negotiable note, the act of each, respectively, imports a several and successive, and not a joint, obligation, whether done for accommodation or for value, unless there be an agreement aliunde different from that evidenced by the indorsement.</p> <p>In Pennsylvania a joint action against two or more separate indorsers of a promissory note cannot be maintained.</p>