Conn v. Boulevard National Bank of Miami
Conn v. Boulevard National Bank of Miami
Opinion of the Court
The appellant endorsed a demand promissory note subsequent to execution and delivery at a time when the corporate maker [of which the appellant was the president] was behind in payments, and when certain; of the collateral securities securing the obligation had decreased materially in value. Under the terms of the note, the payee bank, had a right to demand “ * * * additional securities to the satisfaction of the Payee; * * * This right was exercised, and the appellant endorsed the note as an accommodation to the corporate maker.
Affirmed.
Reference
- Full Case Name
- E. G. CONN v. BOULEVARD NATIONAL BANK OF MIAMI, a national banking corporation
- Cited By
- 2 cases
- Status
- Published