This section of the book is from the "Canadian Banking Practice" book, by John T. P. Knight.
Question 456.— A, for B's accommodation, joins with the latter as joint and several maker of a note in favour of C. At the time of its delivery to C the latter has notice of the relation to 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 C's right to recover from him. A has the ordinary rights of a surety, but not of an endorser, and his liability to pay the note continues without notice of dishonour, because he is a promissor thereon.