There are two causes of action. The first is upon the unpaid balance of a series of notes dated July 19, 1954 given to the plaintiff as payee by the defendant Arnold Devices, Inc., as maker and M. Arnold Lerman, president of Arnold Devices, Inc., as an individual accommodation indorser. There were 46 notes in the series totaling $3,390. Each note contained an acceleration clause providing that on default in any note for seven days...
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