First National Bank v. Wood
Supreme Court of Vermont
Assumpsit. The case was referred, and the referee reported the following facts. - On August 10, 1868, the defendant, for the accommodation of the Field Marble Co., executed a promissory note of that date for $600, payable to said company, or order, in three months, and the company procured it to be discounted by the plaintiff.
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Assumpsit. The case was referred, and the referee reported the following facts. - On August 10, 1868, the defendant, for the accommodation of the Field Marble Co., executed a promissory note of that date for $600, payable to said company, or order, in three months, and the company procured it to be discounted by the plaintiff. It was not paid at maturity, and was renewed from time to time until June 18, 1869. On that day a note was given in renewal, of which said company was the maker, and the defendant was indorser. On April 25, 1870, that note was taken up by a new note of that date for…
1Opinion of the Court
The opinion of the court was delivered by-
Ross, J.
The only question made as to the liability of the defendant .on the facts reported, is in regard to the sufficiency of the notice to'charge him as an indorser of a negotiable promissory note. When the first transactions out of which the note in suit had its origin transpired, the defendant resided at East Dorset, Yt. When the note in suit was given he had changed his residence, unbeknown to the plaintiff, to Concord, Mass. On the day the note matured, the plaintiff mailed to the defendant, addressed to East Dorset, a notice of the presentation…
2Cases cited3 opinions
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- President of the Bank of the United States v. CorcoranSupreme Court of the United States · 1829
- Bradley v. DavisSupreme Judicial Court of Maine · 1846
3Cited by2 opinions
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