Case Name: John McClain v. Burton, Mitchell & Co.
Court: Kentucky Court of Appeals
Jurisdiction: Kentucky
Decision Date: 1871-09-13
Citations: 5 Ky. Op. 444
Docket Number: 
Parties: John McClain v. Burton, Mitchell & Co.
Judges: 
Reporter: Kentucky Opinions, containing the unreported opinions of the Court of Appeals
Volume: 5
Pages: 444–444

Head Matter:
John McClain v. Burton, Mitchell & Co.
Bills and Notes — Co-obllgor—Use of Name — Innocent Holder.
It is a well-settled principle that if one trusts another with his name as his surety as co-obligor, he must suffer the consequences of his confidence in him, rather than place the loss on the innocent holder of the note.
APPEAL PROM BOYLE CIRCUIT COURT.
September 13, 1871.
Thompson, Durham & Jacobs, for appellant.
Vanwinkle & Fox, for appellees.

Opinion:
Opinion by
Judge Hardin :
Whatever means T. P. Mitchell may have used to induce the appellant to become his co-obligor in the note in controversy, as there is no sufficient indication that either of the appellees participated in any fraudulent act or arrangement for overreaching or circumventing the appellant, or accepted the note with knowledge of any such fraud, the principle is well settled that the appellant, who trusted T. P. Mitchell with his name as his surety or co-obligor, must abide the consequences of his confidence in him rather than placing the loss on. the innocent holders of the note.
And as the instructions ánd rulings of the circuit court were in substantial conformity with this view of the law, and the evidence is consistent with the finding of the jury, we perceive no ground for reversing the judgment, which is, therefore, affirmed.