{"id":12030,"date":"2018-01-11T20:42:04","date_gmt":"2018-01-11T20:42:04","guid":{"rendered":"https:\/\/reunitethestates.org\/?page_id=12030"},"modified":"2018-01-12T00:24:22","modified_gmt":"2018-01-12T00:24:22","slug":"accommodation-maker-the-drawer-of-a-bill-or-the-maker-of-a-note-as-a-surety-to-which-he-has-put-his-name-for-the-purpose-of-accommodating-by-a-loan-of-his-credit-some-other-person-who-is-to-prov","status":"publish","type":"page","link":"https:\/\/reunitethestates.org\/?page_id=12030","title":{"rendered":"Accommodation Maker – the drawer of a bill, or the maker of a note as a surety, to which he has put his name for the purpose of accommodating, by a loan of his credit, some other person who is to provide for the bill or note when it falls due"},"content":{"rendered":"

\u00a0\u00a0\u00a0\u00a0 This page is continued from Legal Instruments<\/a> >>>> Negotiable Instruments<\/a> >>>> Maker<\/a>:<\/strong><\/span><\/p>\n

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accommodation maker<\/span>:<\/strong><\/span>
\n (1829)<\/span><\/p>\n

1. Someone who signs a note as a surety.\u00a0<\/strong> See ACCOMMODATION (2); accommodation indorser<\/em> under INDORSER. [1]<\/span><\/p>\n

1. The drawer of a bill, or the maker of a note, to which he has put his name for the purpose of accommodating, by a loan of his credit, some other person who is to provide for the bill or note when it falls due.\u00a0 11 Am J2d B & N \u00a7 121<\/span>.<\/strong> [2]<\/span><\/p>\n

1. See accommodation paper<\/strong><\/span><\/em>. [3]<\/span><\/p>\n

accommodation paper<\/span>:<\/strong><\/span><\/p>\n

1. A bill or note signed as a favor to another person, known as the accommodated party, to enable that person to receive a loan.\u00a0 The person who grants the favor is the accommodation party or accommodation maker.\u00a0 If the accommodated party and the accommodation party sign jointly, they are non as comakers.\u00a0 If the accommodated party defaults on the note, the accommodation party is fully liable.<\/strong> [3]<\/span><\/p>\n

References:<\/strong><\/span><\/p>\n

Disclaimer:<\/strong><\/span> All material throughout this website is compiled in accordance with Fair Use<\/a><\/strong>.<\/strong><\/span><\/p>\n

[1]: Black\u2019s Law Dictionary\u00a0Deluxe Tenth Edition\u00a0by Henry Campbell Black & Editor in Chief Bryan A. Garner<\/a>. ISBN: 978-0-314-62130-6<\/strong><\/span><\/p>\n

[2]: Ballantine\u2019s Law Dictionary\u00a0<\/a><\/strong>with Pronunciations
\n<\/em>Third Edition<\/strong><\/a>\u00a0by James A. Ballantine\u00a0<\/strong>(James Arthur 1871-1949).\u00a0\u00a0<\/em>Edited by William S. Anderson.\u00a0\u00a0\u00a9 1969 by THE LAWYER\u2019S CO-OPERATIVE PUBLISHING COMPANY.\u00a0 Library of Congress Catalog Card No. 68-30931<\/strong><\/span><\/p>\n

[3]: Ballantine’s Law Dictionary <\/a><\/strong>Legal Assistant Edition<\/a><\/em>
\nby Jack Ballantine\u00a0<\/strong>(James Arthur 1871-1949).\u00a0\u00a0<\/em>Doctored<\/a><\/strong>\u00a0<\/em>by\u00a0Jack G. Handler,\u00a0J.D.<\/a>\u00a0\u00a9 1994 Delmar by Thomson Learning.\u00a0 ISBN 0-8273-4874-6.<\/strong><\/span><\/p>\n

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