Leverone v. Hildreth
Leverone v. Hildreth
Opinion of the Court
Suit on promissory note. Defense, want of consideration. Judgment for plaintiff. Appeal by defendant from judgment and order denying a new trial.
Appellant, in support of his appeal from the order, contends that the finding of the superior court of a sufficient consideration for the note is wholly unsupported by the evidence.
The facts are, that in 1883 Thomas Hildreth, the father of appellant, executed and delivered to the respondent his promissory note for $2,023. Subsequently, on August 1,
The authorities cited and relied upon by respondent-are not in point. They are to the effect that if the payee parts with his money on the faith of a promise by the borrower that he will procure the signature of a surety to his note, the surety is bound if he sign the note after the money is advanced; but siich is not the case here.
We think the findings of the superior court in the particulars indicated are against all the evidence, and
Works, J., Paterson, J., Thornton, J., and Sharp-stein, J., concurred.
Reference
- Full Case Name
- W. M. LEVERONE v. GEORGE W. HILDRETH
- Cited By
- 8 cases
- Status
- Published
- Syllabus
- Promissory Note — Want of Consideration — Signing Note after Execution. — One who adds his signature to a promissory note as a maker, after its execution and delivery to the payee, without any agreement for extension of credit or forebearance, or other new consideration, is not liable thereon. Id. — Money Borrowed by One Partner and Used in Firm Business. — The fact that the money for which the note was originally given was used in the business of a partnership composed of the maker of the note and the person who added his signature does not render the latter liable.