Bissell v. Forbes

Action to recover on a promissory note, and to obtain a decree of foreclosure of a mortgage given as security therefor.

The court below held that the promissory note, except the last installment, was barred by the statute of limitations, and gave judgment for the last installment only, with a decree of foreclosure. From this judgment plaintiff prosecutes this appeal.

The sole question here is as to the construction to be placed upon the promissory note, which reads as follows:—

"$482.40. San Francisco, Cal., Oct. 27th, 1893.

“ On or before three years after date for value received, we promise to…