Campbell's Executors v. Leach
3 N.C. 233 | Sup. Ct. N.C. | 1803
The endorsed bond was substituted for that portion of the original debt the amount whereof it represents. Leach cannot be made liable but upon the terms of the endorsement; that is to say, not unless it be established that Ellison was insolvent. A loss of the debt for any other cause will not subject him.