Cayuga County National Bank v. Purdy

The only question to be determined in this case is whether the instrument offered in evidence is a negotiable promissory note. It reads as follows :

“ $366.66. Coldwater, Mich., February 27,1883.

On the 1st day of November, 1883, we, the undersigned, whose postoffice address is Algansee, county of Branch, and State of Mich., jointly and severally, for value received, promise to pay E. M. Birdsall & Company, or order, three *7hundred sixty-six 66-100 dollars, with interest at 7 per cent, per annum, if paid when due ; if not so paid, then the interest shall be 10 per cent, per annum from date. We…