Superior Court of Pennsylvania February 28, 1908, Appeal, No. 243 (Link v. Bergdoll)

Opinion by

Head, J.,

A contract of indorsement, when made, is neither a primary nor an absolute one. It is secondary and conditional. It is but an agreement for a future liability upon and after the happening of certain contingencies. These are nowhere described in the body of the instrument indorsed, but inhere, ex lege, in the contract created by the simple act of indorsement.