Case ID: nj-misc_5/html/0676-01.html
Source: Caselaw Access Project
Author: {"author": "", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

MANUFACTURERS’ FINANCE COMPANY v. G. J. MILLER ET AL.
    Decided June 7, 1927.
    Negotiable Instruments — Accommodation Note Made by Defendant, Which Defendant Knew Would be Eodorsed Over to Plaintiff — Held, an Equitable Defense Cannot Exist For Defendant Against an Endorsee Holding in Due Course.
    On rule to show cause why judgment by default should not be opened.
    Before Justices Parker and Campbell.
    Eor the rule, Robert Queen.
    
    
      Contra, Minton <& Rogers.
    
   Memorandum.

Defendant Miller has a rule to show cause why a judgment, by default, against him should not be opened. The other defendants, joint makers of a promissory note, do not contest the judgment. The default charged is lack of attention of an attorney retained by defendant Miller. We need not consider this point because an examination of the depositions taken under the rule satisfies us that the proposed defenses are not legal or meritorious.

Miller signed, for the accommodation of the other defendants, a note for the purchase price of an automobile, which note he knew was to be endorsed over to the plaintiff. His claim of an equitable defense might possibly have some value if the payee were the plaintiff, but has none at all in a suit by an endorsee holding in due course.

The rule is discharged, with costs.