Southard v. Latham
New Mexico Supreme Court
Appeal from the District Court of Sierra County; Merritt C. Mechem, District Judge; Error in overruling defendant’s demurrer to complaint. 4 A. & E. Enc. 95; Smith v. Crane, 22 N. W. 633; 1 Parsons on Notes, 30; Smith v. Maryland, 59 la. 645; Bead v. McNulty, 78 Am.
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Appeal from the District Court of Sierra County; Merritt C. Mechem, District Judge; Error in overruling defendant’s demurrer to complaint. 4 A. & E. Enc. 95; Smith v. Crane, 22 N. W. 633; 1 Parsons on Notes, 30; Smith v. Maryland, 59 la. 645; Bead v. McNulty, 78 Am. Dec. 467; Hughitt v. Johnson, 28 Fed. 865; 7 Cyc. 595, note 71; Davis v. Brady, 97 N. W. 719; Hegeler v. Comstock, 45 N. W. 331; Jones v. Babatz, 27 Minn. 240; Lamb v. Story, 45 Mich. 488; Garret-son v. Purdy, 178. Error in sustaining plaintiff’s demurrer to answer. S Cyc. 43; Ginsberg v. Sheman, 128 N. Y. Sup. 653; 8 Cyc. 55,…
1Opinion of the Court
OPINION OF THE COURT.
ROBERTS, C. J.
-On the 5th day of January, 1907, the appellant, Prank D. Morgans, and II. L. Roper executed a promissory note payable to Ed Patten, for $2,-000, bearing interest at 12 per cent per annum payable sixty days after date. The note was in the usual form, with the exception of the following stipulation, viz:—
“A failure to pay any of said interest when due shall cause the whole note to be counted as principal at the option of the holder of the note.”
In 1912, for a valuable consideration, Patten transferred the note to the appellee by the following indorsement…
2Cases cited8 opinions
- Olmstead v. . LatimerNew York Court of Appeals · 1899
- Fanning v. MurphyWisconsin Supreme Court · 1906
- Abel v. AlexanderIndiana Supreme Court · 1874
- Tatum v. MorganSupreme Court of Georgia · 1899
- Sully v. ChildressTennessee Supreme Court · 1900
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3Cited by8 opinions
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- Gidden Motor Co. v. JohnstonMississippi Supreme Court · 1929
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