Can a corporation be an accommodation party, if so, does the liability of an accommodation party attach to a corporation?


No. The issue or indorsement of negotiable paper by a corporation without consideration and for the accommodation of another is ultra vires. Hence, one who has taken the instrument with knowledge of the accommodation nature thereof cannot recover against a corporation where it is only an accommodation party. (Crisologo‐Jose v. CA,G.R. No. 80599, Sept. 15, 1989)