If there be more than one endorser notice of protest must be sent
to all at the same time.

It is better, where possible, to serve the notices on the
indorsers in person.

The payee must also be notified.

ACCOMMODATIONS

There is a form of note sometimes used in business which is given
without any consideration on the part of the maker. This is known
as an "accommodation note."

The maker of such a note does not expect to pay it, nor does the
man in whose favor it is drawn expect to do so.

An accommodation note is an instrument by the sale of which, or
through a bank, money may be raised for immediate use.

The maker in this case is a friend who loans his name.

As there was no value received such a note could not be collected
by the payee.

But if it passes into the hands of a third party, who endorses it,
then the maker of the note can be compelled to pay.

A LOST NOTE