Show ho no right eight elg eig ht to indorse 1 A man has no right to indorse when the failure of the first party to meet his obligation will render the creditors of the in dorser liable to loss in consequence of such indorse ment 2 he ile has no right to indorse for another man unless he make provision for meeting such obligation independent of and after providing for all other obligations 3 he ile has no right to indorse unless he fully intends to pay what he promises ly in case the first party fails to do BO so few in dorsers prepare fot for this 4 his relations to his family demand that he shall not obligate himself to oblige another simply at the risk of defrauding or depriving them of what belongs to them 5 he ire should never indorse or become res pon sible for any amount without security is furnished by the first party it should be b made a busness business transaction rarely a matter of friendship it is equivalent to a lone of capital to the amount of the obligation and the same precautions should betaken betoken to secure it 6 A man has no more right to expect another to indorse his note without recompense than to expect an insurance company to insure his home or his life gratuitously 7 it is not good business policy for one to ask another to indor indorse his bis note promising to accommodate him in the s ame same 1 manner the h e exchange of or signatures may have and usually does have a very vety unequal value it is better to secure him the amount and exact a like security for the amount of responsibility incurred 8 it is better to do a business that th atwill will involve no necessity for asking or granting grantin such favors or making such exchanges it is always safe sare and just to do so |