6 S.W.2d 451 | Ky. Ct. App. | 1928
Affirming.
On January 1, 1905, A.J. Asher executed and delivered to W.J. Hodges two promissory notes; one for $980.69, and the other for $1,400.72, each payable "on demand after date."
On April 16, 1927, the First State Bank of Pineville, as administrator of Hodges, brought this suit against Asher to recover on the notes. Asher filed an answer in two paragraphs, pleading, in substance, that each of the notes was barred by the 15-year statute of limitations. Plaintiff's demurrer to each of the paragraphs was overruled, and thereupon it filed a reply by which it sought to avoid the plea of limitations. A demurrer having been sustained to the reply, and plaintiff having declined to plead further, the petition was dismissed. Plaintiff appeals.
Though there is some authority to the contrary, the great weight of authority in America is to the effect that a note payable on demand is payable immediately, and the statute begins to run from the date of the instrument. The basis of the rule is that, as payment can be easily demanded, an actual demand is not necessary to complete the cause of action, but the commencement of a suit is a sufficient demand. The same rule applies to notes payable "on demand after date." 17 Rawle C. L. 769, 770; Gerke Brewing Co. v. Busse, 11 Ky. Law Rep. 322; O'Neil v. Magner,
Briefly stated, the facts relied on to avoid the plea of limitations are these: The notes were executed on January 1, 1905. The payee, W.J. Hodges, was the son-in-law of A.J. Asher. Hodges died in the month of January, *433 1911. During the same month his widow, Hettie Asher Hodges, was appointed and qualified as administratrix of his estate, with A.J. Asher as her surety. In April, 1911, a posthumous child, Willie Jean Hodges, was born. In July, Hettie Asher Hodges was appointed, and qualified, as guardian for the child, with A.J. Asher, Sr., as surety. Hettie Asher Hodges, the administratrix and guardian, died in the year 1916. On April 11, 1917, Bennett Asher was appointed, and qualified as guardian for the infant, Willie Jean Hodges, with A.J. Asher, Sr., as surety. Bennett Asher died March 24, 1918. On April 7, Mrs. Chesney Asher Nuckols, another daughter of A.J. Asher, Sr., was appointed, and qualified as, guardian of Willie Jean Hodges, with T.J. Asher, brother of A.J. Asher, Sr., as surety. On April 22, 1922, J. Leon Nuckols was appointed, and qualified as, administrator of W.J. Hodges, deceased, and executed bond with T.J. Asher as surety. Nuckols continued to act until April 11, 1927, when he resigned, and the First State Bank of Pineville was appointed, and qualified as, administrator. It is also averred that at the time of his death W.J. Hodges owed only a few small debts, which have long since been paid; that there are now no debts or liabilities against the estate; that the estate is solvent, and is worth several thousand dollars; and that all of it, including the two notes sued on, belongs to the posthumous child, Willie Jean Hodges.
The notes were dated January 1, 1905, and Hodges, the payee, did not die until the year 1911. Therefore limitation began to run during his lifetime, and was not suspended by his death, Hubbard v. Prather, 1 Bibb, 178, or during the time when there was no administrator. Halcomb v. Cornett,
Estoppel is invoked on the ground that Asher was, at times, the surety on the bond of the administrator and the bond of the guardian, and was liable for their default. It is not claimed that he ever did or said a single thing, or neglected to do or say anything, calculated to deceive his principal, or to induce him to postpone action. In other words, no case of intentional or negligent deception is involved. All that he did was to sign his principal's bond, and we are inclined to the view that his suretyship alone was not sufficient to estop him from pleading the statute of limitation.
Judgment affirmed.