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