City Bank & Trust Co. v. Siagel
City Bank & Trust Co. v. Siagel
Opinion of the Court
This action was commenced by City Bank & Trust Company (the bank) against Siagel to recover the unpaid balance of a note indorsed by Siagel, who pleaded a subsequent discharge in bankruptcy and impleaded White (both individually and as a trustee) on separate theories (a) that White was a prior indorser on the note (G. L. c. 106, § 3-414) and (b) that Siagel had indorsed the note for the accommodation of White (G. L. c. 106, § 3-415[3], second sentence, and [5]). The trial judge found for the bank on its claim against Siagel and against Siagel on his claim against White. Siagel’s sole exception is to the denial of his motion for a new trial on the grounds that the findings were against the law and the weight of the evidence. White, but not the bank, was listed as a creditor on Siagel’s bankruptcy schedules. As Siagel was bound by his admission
Exceptions overruled.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.