[DOWNLOAD] "Cecil S. Rose v. Anton E. Homsey & Another" by Supreme Judicial Court of Massachusetts " eBook PDF Kindle ePub Free
eBook details
- Title: Cecil S. Rose v. Anton E. Homsey & Another
- Author : Supreme Judicial Court of Massachusetts
- Release Date : January 06, 1964
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 71 KB
Description
Under 52 of the Negotiable Instruments Law, G. L. c. 107, a wife who signed as a maker a promissory note signed
by her husband as maker in order to aid him in his business and who personally received no consideration for the note was
an accommodation maker. [261] Irrespective of whether an accommodation maker's liability on a promissory note under the Negotiable Instruments Law, G.
L. c. 107, was primary or secondary, such liability was not affected where the payee failed properly to record a mortgage
of the accommodated maker's real estate delivered to the payee as collateral for the note and consequently lost the security
of the mortgage upon bankruptcy of the mortgagor. [262-263]
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