Legal Opinion
Lockport Exchange Trust Co. v. Hyde
New York Court of Appeals
Decided April 27, 1937PublishedCited by 1 opinion
1Opinion of the Court
Crane, Ch. J.
The statement that the indorsement of a renewal note is a waiver of notice of presentation and non-payment has proved to be misleading. The statement is true as applied to the non-payment of the first note; it is not true regarding notice of non-payment of the renewal note. The failure to note this distinction has led to a misapplication of the authorities.
On the 6th day of January, 1926, a promissory note in the sum of $6,500, representing money loaned, was made by Gerald L. Hyde and Nettie L. Hyde to the order of Lockport Exchange Trust Company. E. C. Munzel was an indorser…
2Cases cited11 opinions
- Commercial Bank v. HughesNew York Supreme Court · 1837
- First National Bank v. Fourth National BankNew York Court of Appeals · 1879
- Sheldon v. . HortonNew York Court of Appeals · 1870
- Cook v. . WarrenNew York Court of Appeals · 1882
- Cady v. . BradshawNew York Court of Appeals · 1889
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3Cited by1 opinion
- Goldstein v. Brastone Corp.Appellate Division of the Supreme Court of the State of New York · 1938