Northridge v. Grenier

This is an action to recover an instalment' due on a written instrument, with interest. The instrument was duly protested and the action is against the indorser. The instrument, otherwise a promissory note' payable to the defendant in quarterly specified instalments, contained these words: “. . . with the right to anticipate any or all payments at any time . . . .” The single question for decision is whether an instrument payable in instalments, indisputably a promissory note in every other particular, is rendered nonnegotiable by reason of the right reserved to anticipate payments.

The…