Continental Supply Co. v. Fisher Oil Co.
Continental Supply Co. v. Fisher Oil Co.
Opinion of the Court
By the WHOLE COURT.
This is a suit upon a promissory note brought against the maker and one G. B. Zigler, who put his name upon the back thereof for some purpose. Zigler alleges that he did so for the accommodation of this plaintiff, in order to enable the latter to negotiate the note. But we find as a fact that the note was given in renewal of a preexisting and dishonored note which Zigler had indorsed in order to give credit to the same maker, and upon which Zigler had become liable by the sole fact of said note having been dishonored; presentation and notice of dishonor having been specially waived.
Decree.
The judgment appealed from is therefore affirmed.
Reference
- Full Case Name
- CONTINENTAL SUPPLY CO. v. FISHER OIL CO.
- Cited By
- 13 cases
- Status
- Published
- Syllabus
- (Syllabus by the Court.) 1. Pleading 36(l) — Pleader’s conclusion that defendant was an indorser is not binding where facts pleaded show him liable as surety. Mere conclusions of law do not bind the pleader when the- facts alleged show such conclusions to be erroneous. 2. Bilis and notes An allegation that by the laws of a certain state three days of grace are allowed on promissory notes is equivalent to an allegation that the Uniform Negotiable Instruments Law has not been adopted in said state. 3. Evidence Where the Uniform Negotiable Instruments Law has not been adopted in a state, the presumption is, in the absence of proof to the contrary, that the law of such state is the general law merchant as understood and applied in this state prior to the adoption of said statute. 4. Bills and notes By the law of this state, before the adoption of the Uniform Negotiable Instruments Law, one not a party to a bill or note who put his name upon it, was presumed to have done so as surety for the maker and not as an endorser in the sense of the Law Merchant. 5. Principal and surety The surety who seeks a discussion of the property of the1 principal must point out such property and advance the cost of the proceeding. ^ 6. Principal and surety A surety, when sued, may himself sue the principal, but cannot require the plaintiff to do so. Provosty, C. J., dissenting.