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PARKER v. VROOMAN

34207.

87 Ga. App. 287 (1952)

73 S.E.2d 777

PARKER v. VROOMAN.

Court of Appeals of Georgia.

Rehearing Denied November 25, 1952.

Attorney(s) appearing for the Case

Smith, Field, Doremus & Ringel, for plaintiff in error.

Louis D. Yancey Jr., William Woodruff, contra.

CARLISLE, J.

1. "An accommodation party is one who has signed the instrument as maker, drawer, acceptor or indorser without receiving value therefor and for the purpose of lending his name to some other person. Such a person is liable on the instrument to a holder for value, notwithstanding such holder at the time of taking the instrument knew him to be only an accommodation...

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