This section of the book is from the "Canadian Banking Practice" book, by John T. P. Knight.
Question 279.— A signs a promissory note payable to B, B in order to get it discounted gets C to endorse. C's endorsement, however, is placed before B's on the note. Would C be liable to B as their endorsements stood?
Answer.—C would not be liable to B under such circumstances, no matter how the endorsements stood.