Perlen v. Wishnoff

The plaintiffs, as payees, sue the defendant Nathan Wishnoff, the third indorser on a $21,000 negotiable promissory note, dated December 14,1955, which is payable “ on demand after date ’ ’.

After both sides had rested, the court found in favor of the plaintiffs on all disputed issues of fact except as to whether the promissory note had been presented for payment “within a reasonable time after its issue ” as required by section 131 of the Negotiable Instruments Law.

*235/The maker of the note is “ L. Schwartz Wood .Products. Corporation of New Jersey It was indorsed by Louis Schwartz and Eobert 0.…