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MAYNARD V. ELLIOTT, 283 U. S. 273 (1931)

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U.S. Supreme Court

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

Maynard v. Elliott

Nos. 239, 240, 241, and 242

Argued March 12, 13, 1931

Decided April 13, 1931

283 U.S. 273


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. 283 U. S. 275.

40 F.2d 17 reversed. chanroblesvirtualawlibrary

Page 283 U. S. 274

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.

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