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Free Books / Finance / Canadian Banking Practice / |  |
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450 Note with Joint and Several Makers—One Signing for the |
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This section of the book is from the "Canadian Banking Practice" book, by John T. P. Knight.
Question 459.— A for B's accommodation joins with the latter as joint and several makers of a note in favour of C. At the time of its being negotiated to C, the latter has notice of the relation in which A and B stand to each other. B does not meet the note at maturity. Is it necessary in order that C may preserve his rights against A, that A should have notice of dishonour ?
Answer.—It is not necessary that A should have notice of dishonour in order to preserve the holder's right to recover from him.
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