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Bond For Costs & Types of Items admin on 10 Apr 2008 04:59 pm

Bond for Costs- Application For Rule To Require Made. When Part 3

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Accomodation endorsers becoming suck on overdue note is liable as guaranto. - A person who endorses an overdue note, at the request of the maker, and in persuance of a contract with the payee for further indulgence, is liable as guarantor.

Rivers v. Thomas, 1 Lea 649

Taylor v. French, 2 Lea 260

Harding v. Waters, 6 Lea 224

Lumber Co v. Hotel Co 8 Pickle 9, 10

Bank v. Jefferson, 8 Pickle 540

Acoomodation endorser may recall and revoke his endorsment before negotiation. - A acoomodation bill is received as a voluntary and gratuitous propostion, and the conclusion is inevitable  that, until it be negotiated and value be given for it, it may be recalled and revoked by the accomodation endorser or other accomodation party, so far as it relates to himself.

Bank v. Johnson, 1 Swan 217, 231, 235 and especially Hickerson v. Raiguel, 2 Heiskell 334

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