This section of the book is from the "Canadian Banking Practice" book, by John T. P. Knight.
Question 330.— A sends B in settlement of an account a promissory note payable to B and endorsed by C. Would the difficulty about C's liability be removed if he should add to his endorsement the words: " For value received 1 hereby guarantee payment of the within note " ?
Answer.—The answer to Question 329 will explain the position here.
 
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