Draper v. Halloran
Draper v. Halloran
Opinion of the Court
This is an action by indorsee against maker on a promissory note. The defendant denied his signature. The indorser testified that the defendant’s name was signed to the note by the defendant’s authority; that it was given in renewal of a like note signed by the defendant himself; and that both notes were made for the accommodation of the indorser. The plaintiff also offered evidence tending to show that he took the note in suit in good faith, believing it to be signed by the' defendant per - sonally; that the indorser afterwards became bankrupt, and his estate was assigned under the bankrupt law of the United States; that the defendant declared to the assignee in bankruptcy that he had a claim against the bankrupt’s estate on a note for about $130 held by the plaintiff, and, on being examined on oath in the proceedings in bankruptcy, stated that he was liable with the bankrupt on a note to the plaintiff; that the defendant made claims against the bankrupt’s estate, amounting to $1500, as security for all which he claimed to hold a mortgage of real estate from the bankrupt, the validity of which was contested by the assignee ; that the defendant subsequently, with knowledge that the earlier note had been renewed, made a compromise with the assignee, in which the note in suit was included as one upon which the defendant was liable; and that there was no other note upon which the defendant was liable to the plaintiff except this and the other one already mentioned. The defendant gave in evidence the mortgage, which was to himself and two others, and purported to secure the payment of $3000.
The defendant was then allowed, against the plaintiff’s objection and exception, to put in evidence a subsequent release of the mortgage by himself and the other mortgagees, and to testify that he never received anything on the note or the mortgage, that
Exceptions sustained.
Reference
- Full Case Name
- Lewis L. Draper v. John Halloran
- Status
- Published