Rossville State Bank v. Heslet

The opinion of the court was delivered by

Benson, J.:

This action is upon a promissory note, payable to the order of J. M. Heslet, on January 1, 1909, containing the following clause:

“The makers and indorsers of this note hereby severally waive presentment for payment, notice of payment, protest and notice of protest,’ and all exemption that may be allowed by law, and valuation and appraisement laws waived, and each signer and indorser makes the other an agent to extend the time of this note.”

The question for decision is whether the note is a negotiable instrument. It is conceded that if the…