Bank of Hawaii v. Char

OPINION OP THE COURT BY

MARUMOTO, J.

Appellants, John G. Duarte and T. S. Shinn, were endorsers of a promissory note in the principal sum of $25,000, made by Y. H. Char and Wm. H. Crozier, Jr., and payable to Bank of Hawaii. *18The note was dated December 6, 1946, and was due three months after date, with interest at the rate of six per cent per year. Hereafter, wherever any mention is made of the note, the reference will be to tjiat note.

On November 13, 1952, the bank filed an action at law on the note against the makers and the endorsers. At that time, no part of the principal had been paid;…