18 Iowa 19 | Iowa | 1864
The plaintiff, the last indorsee, sues the defendants, his immediate indorsers, on a bill of exchange for $250, which was drawn on the Metropolitan Bank, New York, by Edward L. Tinkham & Co., in favor of Wayne & Wallcup, who indorsed the same to defendants and they to plaintiff.
The cause was tried by the court alone, which, without finding any facts, rendered judgment for the plaintiff on the bill. During the trial no exceptions were taken to the action or ruling of the court upon any matter connected therewith, till the decision upon the merits was announced, when exceptions to the same were taken. But this being to the general conclusion at which the court had arrived upon the whole case, as made before- it, raised no specific question for our determination, aside from the general merits of the case. A motion, however, for a new trial was submitted and the overruling of same was excepted to, and so far as the assignments of error are founded upon this ruling we will now consider.
Second. It is said, the court allowed evidence to be given of the want of funds in the hands of the drawee. If this was error, it is enough to say, that it was done without any objection from the defense and with their acquiescence. :
' Third. Again, it is claimed that the court erred in holding that the want of funds in the hands of the drawee excused the delay of presentment and want of notice of non-payment.
There is nothing in the record to show that the court so held, or gave any reason whatever for the judgment that was rendered. For all that we can tell from the record the decision may have been entirely based upon other grounds.
Fourth. Lastly, it is stated that there was laches on the part of the plaintiff in not presenting the bill for payment sooner, and there is not sufficient evidence of notice of nonpayment.
It is doubtful whether the rules of the commercial law should be strictly applied under the facts as disclosed in
From this evidence it appears that the bill of exchange was indorsed and sent to plaintiff without his knowledge or procurement; when he received it, the evidence entirely fails to show; it may not have been for weeks afterwards. It also fails to show that he consented to accept it as payment or even collateral security for his debt. On the other hand the evidence tends to show that he did not then agree tp take it, but returned it with a request that Yan Saun would take it back. This Yan Saun refused. Then the plaintiff requested that he would send it on to New York for presentation and payment, which he consented to do, and did as the agent of plaintiff. Now, up to this time no laches is affirmatively shown. If any occurred after this time, the defendants were parties thereto and have no right to complain. Indeed, the whole transaction was as much for the accommodation of the defendants as the plaintiff.
As to the sufficiency of the notice under the facts as stated, we have no doubt. This substantially covers all the errors complained of, and the judgment will be affirmed.
Affirmed.