Pierce v. Kennedy

California Supreme Court
Pierce v. Kennedy, 5 Cal. 138 (Cal. 1855)
Heydenfeldt

Pierce v. Kennedy

Opinion of the Court

Heydenfeldt, J., delivered the opinion of the Court.

Murray, C. J., concurred.

The defendants, Ford, Lathrop & Co., were guarantors upon the note which is the foundation of this action, ^heir liability, according to the decision of this Court, in Riggs v. Waldo, 2 Cal., 485, is strictly that of an indorser, and they were entitled to notice of non-payment even although the circumstance of the maker’s absence might have excused a presentment, and demand upon him. The case cited has been incor„ rectly reported; the facts in that case should appear similar to the facts in this.

The Court below was correct in granting a non-suit, and the judgment is affirmed.

Reference

Full Case Name
HENRY PIERCE v. HUGH KENNEDY and FORD, LATHROP & Co.
Cited By
6 cases
Status
Published
Syllabus
The liability of a guarantor on a promissory note is strictly that of an indorser.