Lockwood v. Lindsey

This in an action on a promissory note by an indorsee against the maker, and the principal question in the case is, whether the instrument sued on is negotiable in the commercial sense of that term.

The instrument declared on is as follows :

*398“$642.23. “Galveston, Tex., Feb. 17, 1892.

“ Two years after date, I promise to pay to the order of A. L. McGregor the sum of six hundred, forty-two 23-100, with interest at the rate of eight per cent, per annum from the date hereof until paid, for value received, payable at the Galveston National Bank, Galveston, Texas. This note is given in part payment of…