Gildin v. Hirschhorn

— In an action, inter alia, to recover upon two promissory notes, defendant appeals from so much of a judgment of the Supreme Court, Westchester County (Dachenhausen, J.), entered March 26,1982, as, after a nonjury trial, awarded plaintiff a money judgment in the principal sum of $100,000. Judgment affirmed insofar as appealed from, with $50 costs and disbursements. Section 3-501 of the Uniform Commercial Code provides that unless excused, presentment for payment is necessary to charge any indorser upon a note. Presentment may be entirely excused when “the party to be charged has waived it…