49 Cal. 47 | Cal. | 1874
The action is against the defendant as the endorser of a promissory note made November 15, 1871, and payable twelve months after date. As the law then stood three days of grace were allowed, and the note became due on the 18th of November, 1872, but was not presented on that day to the maker for payment, and no sufficient excuse is shown for the failure to present it, unless the facts found by the Court constitute a waiver by the defendant of demand and notice. But the Court finds that immediately before the maturity of the note the defendant told the plaintiff “to give himself no uneasiness in regard to the payment of the note; that it would be paid at maturity; that he was collecting money for defendant, Wilcox (the maker of the note), and that he, Feder, would see that the note was paid.” This promise amounted to a waiver of demand and notice. The question was very fully discussed, and the authorities collated in Bruce v. Lytle (13 Barb. 163), and the Court held, correctly as we think, that such a promise, made before the maturity of the note, is a waiver of demand and notice. This finding is attacked, on the ground that it
Order and judgment affirmed. Remittitur forthwith.
Neither Mr Justice Rhodes nor Mr. Justice Niles expressed an opinion.