United States Bank v. Southard
United States Bank v. Southard
Opinion of the Court
To judge whether the indorser has made a waiver of demand and notice, we must know the facts. Let the witness proceed.
The Court said. If the defendant had not received due notice of non payment, he must have been cognizant of that at the time he made the promise. Whether the promise was a waiver of evidence to show a demand on the maker of the note, or equivalent to proof of it under the circumstances detailed, was a question of. law, that might be settled at bar. The Court therefore recommended that a verdict be taken for the amount of the note and interest to the 2d Tuesday in May next, in order to save the canse from the expense of being brought again to the Circuit, and that the defendant have leave at bar, to move that the verdict be set aside and a nonsuit entered.
The jury found for the plaintiff, 8300 damages, and six cents costs.
On the return of the postea, a rule to show cause was entered ; and at the term of February, 1840, the same was argued.
James S. Green for plaintiffs. A promise to pay, admits the existence of every thing necessary to render him liable, and cited 2 Camp. 188; 4 Camp. 52; 6 Moore, 319 ; 16 John. R. 154; 17 Com. Law; 319.
A mere promise to pay, made after notice of facte and laches of holder, though the party making it, misapprehended the lav, is sufficient to bind the drawer or indorser. 12 East, 39.
There is a distinction between the ignorance of facts, and of the law. The first excuses, the last does not. 2 East, 471.
S. R. Hamilton contra—rélied on the case of Barkalow v. Johnson et al., 1 Harr. 400.
Reference
- Full Case Name
- THE UNITED STATES BANK v. JAMES W. SOUTHARD
- Status
- Published