Security National Bank v. Gunderson

MiISER, C.

The promissory note in suit contains the following language:

“The makers, indorsers, and guarantors of this note, and the sureties hereon, severally waive presentment for payment, protest and notice of dishonor, and consent that the time of its payment may be extended without notice, 'all defenses on the -ground of any extension of time of payment being hereby expressly waived.”

Appellant contends that the note is non-negotiable because this clause offends against the requirement of both sections 1708 and 1886, Rev. Code 1919, that a note be payable at a determinable future time. In…