First National Bank v. Sweeny

E. F. Sweeny and wife- defaulted,'and judgment was entered against them accordingly. Oleen defended.

On the 2d day of March, 1920, Sweeny and wife made three promissory notes, payable to John Oleen, one for $1,500 and two for $1,000 each. The notes were in the usual form, and each included the following statement:'

“Indorsers and guarantors waive demand of payment, protest and notice of protest of this note. * * '* The makers, indorsers and guarantors consent that time of payment may be extended without notice.”

Each of said notes was due twelve months from date. About the 1st day of May, 1920,…