Waldron

Waldron v. Lyon

Good Law
1928 Cal. App. LEXIS 919·92 Cal. App. 400·268 P. 457
Court of Appeal of CaliforniaJune 4, 1928Docket No. 6295.California1,507 words

Opinion

Lead Opinion

Campbell, J.

This is an appeal from a judgment entered severally against the defendants, and from such judgment defendants A. E. Wallace, J. W. Harriman, Sam McKee, and C. Pederson have appealed.

The complaint alleges and the court found the following facts: That on or about June 20, 1923, Shallow Field Oil Company became indebted to the Marine Trust & Savings Bank of Long Beach for money loaned in the sum of $15,000, for which Shallow Field Oil Company delivered to such bank its promissory note, which note was indorsed by Andrew N. Waldron, Herbert Jutson, Thos. H. Waldron, M. V. Housman, F. S. Brennan, J. K. Hull, Libbie S. Lotz, F. B. Steen, W. F. Pascoe, C. I. Thorpe, and J. H. Sleeper; that the note was so indorsed for a valuable consideration ; that at maturity the note was presented for payment to Shallow Field Oil Company, but no part thereof was paid, and suit was brought upon the note and judgment by default was entered against the maker and indorsers of the note, and each of them became obligated to pay, and indorsers Herbert Jutson, M. y. Housman, F. S. Brennan and Libbie S. Lotz paid the amount due to Marine Trust & Savings Bank; that on or about December 11, 1922, Shallow Field…

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