Glapion v. Montamat
Glapion v. Montamat
Opinion of the Court
The defendants are sued on a promissory note, dated 27th December, 1854, payable four months after date, and protested at maturity for non-payment. The signatures of defendants as drawer and endorser, and the service of notice of protest, are admitted.
Defendants plead that it was agreed between the parties, that the note sued upon, should be renewed for a longer time, so as to correspond with the maturity of another note, which was deposited'with plaintiff as collateral security for the payment of the note sued on; that plaintiff refused to renew the note, and had brought this suit, in violation of his agreement. The answer concludes by praying that the suit be dismissed, as premature.
In support of this defence, the defendants have given in evidence a document of the following tenor:
“ Je reconnais avoir repu de Mr. Montamat, un billet de cinq cents quarante sept piastres 68-100, daté le 9 Octobre, 1854, payable dans quatorze mois, et souscrit par P. A. Bertrand, á son propre ordre et endossé par lui, lequel billet m’a été remis par ledit sieur (?. Montamat en garantie de son billet de cinq cents piastres endossé par son fils J. &. Montamat en date du 27 Décem-bre, 1854, á quatre mois de terme. Bien entendu, que je ne pourrai en aucu-ne manióre disposer du premier billet, et que je le lui remettrai aussitót que son billet de $500 sera payé á l’échéance, ámoins queje ne le renouvelle pour un terme plus long, comme il a été convenu de le faire. Nouvelle Orleans, le 27 Déc. 1854. ■ ■ O. GLAPION.”
The document indicates that there was an agreement between the parties for a renewal of the note sued on ; but does not explain for how long a term, nor
Judgment affirmed, with costs.
Aside from the question whether parol proof would be admissible to show the length of time intended for the renewal of the note referred to in the contract of 27th Dec. 1854, I think a fair construction of the contract and note together, would, without other proof, entitle the defendants to the right of renewal for four months.
The letter of the plaintiff may be construed as one stating his necessities, rather than a positive refusal to renew the note. As the defendant had received the plaintiff’s money, which he was bound to restore at the expiration of the delay agreed upon, or to deliver another note in renewal, I am inclined to think the defendant was not relieved by the letter under the circumstances of this case, from a tender, of a new note in renewal of the old one. His neglect to comply with the contract, on his part, may be taken as an acquiescence in the reasonableness of plaintiff’s wish not to extend the time.
On this ground only, I concur in'the judgment pronounced in this case.
Reference
- Full Case Name
- C. Glapion v. G. and J. G. Montamat
- Status
- Published