Liszman v. Kossuth Marx & Co.
This text of 9 A. 477 (Liszman v. Kossuth Marx & Co.) is published on Counsel Stack Legal Research, covering Supreme Court of Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
It was well said in Eilbert v. Finkbeiner, 68 Pa. 243, 8 Am. Rep. 176, that “when a man puts Ms name on the back of a-negotiable paper, before the payee has indorsed it, hé means to pledge, in some shape, Ms responsibility for the payment” thereof.
This is the reasonable conclusion which every business man will draw from such an act.
The particular responsibility which the defendant below had assumed by such an irregular indorsement is clearly stated by him in writing to be that of surety for the maker. This he declared in his letter to the payees and holder of the note.
The specifications of error are not sustained.
Judgment affirmed.
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Cite This Page — Counsel Stack
9 A. 477, 6 Sadler 588, 20 Week. No. 69, 1887 Pa. LEXIS 637, Counsel Stack Legal Research, https://law.counselstack.com/opinion/liszman-v-kossuth-marx-co-pa-1887.