Maynard v. Elliott, 283 U.S. 273 (1931)

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Maynard v. Elliott

Nos. 239

, 240

, 241

, and 242

Argued March 12, 13, 1931
Decided April 13, 1931
283 U.S. 273

CERTIORARI TO THE CIRCUIT COURT OF APPEALS

FOR THE SIXTH CIRCUIT

Syllabus

The liability of a bankrupt as endorser of a promissory note which has not matured at the time of the adjudication is provable as a claim "founded . . . upon a contract express or implied." Bankruptcy Act, § 63(a)(4). P. 275.

40 F.2d 17 reversed.

Certiorari, 282 U.S. 822, to review judgments expunging claims in bankruptcy based on endorsements of promissory notes, some of which were payable within the year after adjudication and others at later dates. The District Court had sustained the claims.