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Effect of judgment on note

Defined in 1 dictionary — Case Law

Definitions from Case Law

From 16 U.S. 520 - Lenox v. Prout · 1818Most cited · 23 citing opinions

by the judgment, they have both become principal debtors, and if the endorser suffers any injury by the negligence of the judgment creditor, it is clearly his own fault, it being his duty to pay the money, in which case, he may take under his own direction the judgment obtained against the maker.