Homewood Peoples Bank v. McCutcheon

Promissory notes — Accommodation note — Statute of limitations —Payments after statute has run — Accommodated party — Agency. Where a promissory note is made for the accommodation of another person, and such person, after the statute has run against the note, makes payments thereon, but not as the agent of the maker, and without the latter having done anything to acknowledge his continued liability, such payments are insufficient to toll the statute.

Appeal, No. 94, Oct. T., 1919, by plaintiff, from judgment of C. P. Allegheny Co., July T., 1914, No. 1500, on verdict for defendant in case of Homewood Peoples Bank v. W. A. McCutcheon. Assumpsit on a promissory note. Before Shaper, P. J. The note in question was made by W. A. McCutcheon to the order of himself, and endorsed over to the plaintiff bank. The note was really made for the accommodation of Joseph R. Pauli, whose name, however did not appear on it, in any way. Further facts appear by the opinion of the Supreme Court. Verdict and judgment for defendant. Plaintiff appealed. Error assigned was in refusing plaintiff’s motion for judgment n. o. v.