Peninsular Savings Bank v. Hosie
Michigan Supreme Court
Error to Wayne; Lillibridge, J. The Peninsular Savings Bank presented two promissory notes as a claim against the estate of J. Huff Jones, deceased. They were allowed by the commissioners, and the executors, Robert Hosie and another, took a separate appeal as to each of the notes to the circuit court. From a judgment for defendants on verdict directed by the court, claimant brings error.
1Opinion of the CourtMoore, J.
The Detroit Motor Company, a corporation, made and delivered to the Third National Bank of Detroit, in renewal of notes then held by said bank, its promissory notes, of the following tenor:
“$10,000.00. Detroit, Mich., Nov. 17, 1892.
“Two months after date the Detroit Motor Co. promise to pay to themselves or order ten thousand and no-100 dollars at the Third National Bank. Value received,—with interest at 7 per cent.
[Signed] “The Detroit Motor Company.
“F. A. Blades, Sec’y and Treas.”
Said note was indorsed on the back in the following order: “Detroit Motor Co., by F. A. Blades, Treas. Ellwood…
2Cases cited11 opinions
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