Majority
Headnote
1. Bills and Notes—Execution—Individual Liability.The action is upon a promissory note held by the plaintiff, as executrix of the last will and testament of John E. Bush, deceased, the original holder thereof. The note is in these words:
“Hobart, N. Y., July 29, 1890.
“For value received, we promise to pay to the order of William Gilmore, A. G. Silliman, Clayton Weeks, and J. Brazee two thousand dollars, with interest as follows: With interest from the date hereof on the first day of October, 1890. Then the annual interest on all unpaid sums on the first day of October in each and every year for four years. Then all unpaid principal, with interest, on the first day of October, five years from October first, 1890. The payors have the privilege of paying the whole or any part of the principal sum at any time they may desire. Payable at the National Bank of Stamford.
“W. Gilmore,
“President.
“D. C. Sharpe,
“Secretary of the Hobart Agricultural Horse and Cattle Show Association.”
Indorsed: “Wm. Gilmore. A. G. Silliman. Clayton Weeks. J. O. Brazee.”
Brazee does not defend. The appellants allege as a defense that the note is not an individual note, and that the plaintiff’s testator, who died"after the trial, failed to make due protest thereof upon default in payment.
Upon its face, without extrinsic evidence, the note is the individual note of the two makers. No reference is made in the body of the note to the corporation as a promisor, and the addition after the
The next question is as to the liability of the individual indorsers. The note fell due October 1, 1895, and notice of protest was not served until October 8th, following. If Gilmore was an individual maker, no notice of demand and nonpayment was necessary as to him. Hills v. Place, 48 N. Y. 520 . The jury, by their answers to
The judgment and order should be affirmed, with costs. All concur.
Cases cited
- De Witt v. Walton 9 N. Y. 571 p. 683
- Casco National Bank of Portland v. Clark 139 N. Y. 307 p. 683
- Bank of Genesee v. Patchin Bank 19 N. Y. 312 p. 683
- Brockway v. Allen 17 Wend. 40 p. 683
- Schmittler v. Simon 114 N. Y. 176 at 186, 21 p. 683
- Hills v. Place 48 N. Y. 520 p. 683
- Sheldon v. Horton 43 N. Y. 93 p. 684
- Bruce v. Lytle 13 Barb. 163 p. 684