The appellant's husband owed an antecedent debt to the respondent and gave post-dated cheques.
The respondent later requested a promissory note, which both the husband and the appellant signed.
The appellant received no consideration for her signature and claimed she signed only to accommodate her husband and bolster the respondent's bank credit.
The Supreme Court of Canada held that while there was no consideration flowing to the appellant, she was liable as an accommodation party under s. 55 of the Bills of Exchange Act because the respondent was a holder for value.
