148 So. 2d 758 | Fla. Dist. Ct. App. | 1963
The appellant endorsed a demand promissory note subsequent to execution and delivery at a time when the corporate maker [of which the appellant was the president] was behind in payments, and when certain; of the collateral securities securing the obligation had decreased materially in value. Under the terms of the note, the payee bank, had a right to demand “ * * * additional securities to the satisfaction of the Payee; * * * This right was exercised, and the appellant endorsed the note as an accommodation to the corporate maker.
Affirmed.