New York Supreme Court October 15, 1904 (McGowan v. Hover)

Spencer, J.

The complaint alleges that the plaintiff was an accommodation indorser upon the defendants’ note for the sum of $500; that when the note became due the defendants refused to pay; and that “ plaintiff was compelled to pay the owner and holder of said note the sum of three hundred dollars, at which sum plaintiff’s liability on said note was settled by compromise, no part of which has