Waples-Painter Co. v. Bank of Commerce
Court Of Appeals Of Indian Territory
Appeal from the United States Court for the Southern. District of the Indian Territory; before Justice Hosea Townsend, March 28, 1902. Action by the Bank of Commerce against the WaplesPainter Company. From a judgment in favor of plaintiff, defendant appeals.
1Opinion of the CourtLawrence, J.
July 17, 1900, one Jesse’ Reaves made to the appellant his promissory note due October 1, 1900, in the sum of $553.06 payable at Paul’s Valley, I. T., and bearing-interest at the rate of 10 per cent, per annum. Before maturity appellant indorsed the note in blank to appellee for value. The maker of the note failed to pay it at its maturity upon presentment and demand, and thereupon appellee notified the indorser of the nonpayment, and demanded payment of it, which was refused, whereupon action was begun against the indorser to recover on the contract under the indorsement The complaint set…
2Cases cited2 opinions
- Young v. BryanSupreme Court of the United States · 1821
- Rogers v. JamesSupreme Court of Arkansas · 1878