Paul v. Smith
Paul v. Smith
Opinion of the Court
The opinion of the court was delivered by
. This is a case certified from the Circuit Court of the county of Essex, in which court a verdict was rendered for the plaintiff, and a rule to show cause why there should not be a new trial was allowed, for an advisory opinion, whether upon the case as proved, the plaintiff was entitled to the verdict. The action was upon a promissory note, made September 1st, 1861, and dated September 1st, 1856, whereby the defendant promised to pay a sum of money to the order of the plaintiff, three months after the date. More than six years having elapsed from the time the note became due, according to its terms, to the commencement of the action, the question to be decided is, whether the statute of limitations was a good bar.
It appeared, that some time in the year 1855, the defendant had given his note to the firm of Boyd & Paul, for money due them, and Boyd having died, and nearly six years having elapsed, the attorney who held the note called on him to give a new note, or to make a payment or an acknowledgment of the debt, so as to prevent the note from being outlawed. The defendant declined making a payment or a general acknowledgment of the debt, but on the first of September, 1861, agreed to give the note in question, dated as it is, which was accepted, and the old note cancelled.
There can be no doubt that the true time when a note was made may be shown, if it was wrongly dated by fraud or mistake. A note takes effect only from its delivery, but if delivered after its date, it is then good by relation, and takes effect from its date. Powell v. Waters, 8 Cow. 670. A note may be antedated or postdated, and in both cases is valid, if no statute exists to the contrary; and where the purposes of justice require it, the real date may be inquired into, and effect given to the instrument. Story on Prom. N., § 48.. The
Reference
- Full Case Name
- STEPHEN PAUL v. BENJAMIN SMITH
- Status
- Published