Supreme Court of New Hampshire July 2, 1947, No. 3644. (Amodeo v. Allen)

Kenison, J.

While “the law is well settled that the accommodation party is not liable to the party accommodated either at common law ... or under the negotiable instruments law”

(Perley

v.

Wing,

82 N. H. 299, 300), the defendant is liable to the plaintiffs as holders for value “notwithstanding [they] at the time of taking the instrument knew him to be only an accommodation party.” R. L.,

c.