Christian v. . Parrott
Supreme Court of North Carolina
This was an appeau from a .Justice of the Peace, tried before Brown, J., and a jury, at July Term, 1893, of GraN-ville Superior Court. The plaintiffs sued on the following bond: “ $225. On November 1, 1892, we or either of us promise to pay to R. II. McGuire or order the sum of two hundred and twenty-five dollars, with interest after maturity at eight per cent, per annum. Value received. Witness our hands and seals this 21st day of May, 1892. “J. P. Parrott, [Seal]..
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This was an appeau from a .Justice of the Peace, tried before Brown, J., and a jury, at July Term, 1893, of GraN-ville Superior Court. The plaintiffs sued on the following bond: “ $225. On November 1, 1892, we or either of us promise to pay to R. II. McGuire or order the sum of two hundred and twenty-five dollars, with interest after maturity at eight per cent, per annum. Value received. Witness our hands and seals this 21st day of May, 1892. “J. P. Parrott, [Seal].. “S. A. FuemiNG, [Seal].” Upon which bond were these indorsements: “ Pay to order of J. 13. &R. S. Christian,” “August 16,1892”;…
1Opinion of the Court
kSiiicpHKKD, C. J.:
We have examined the authorities cited by the defendants’ counsel and are unable to see aiij'-thing in them which is sufficient to induce us to overrule the well-established principles of this Court as applicable to the case presented in the record.
The bond sued upon is in form negotiable, and was indorsed for value and without notice to the plaintiff before maturity. Such a bond when indorsed “is to be regarded, so far as its negotiability is concerned and its liability to be governed by the commercial law applicable to promissory notes, as if it were a promissory note not…
2Cases cited3 opinions
- Miller v. . TharelSupreme Court of North Carolina · 1876
- Lewis v. . LongSupreme Court of North Carolina · 1889
- Spence v. . TapscottSupreme Court of North Carolina · 1885
3Cited by1 opinion
- Tyson v. Joyner.Supreme Court of North Carolina · 1905