New York Supreme Court December 1, 1856 (Bank of Auburn v. Walter)

By the Court, E. Darwin Smith,

J. The contract of the maker and indorser of a promissory note or bill of exchange is several, and not joint. Actions were always brought against them separately, before the passage of the act of April 25, 1832, entitled “ an act regulating suits on bills of exchange and promissory notes.” (Laws of 1832, ch. 276.