92 Vt. 86 | Vt. | 1917
This case was heard with the case between the same parties reported ante, p. 84, 102 Atl. 476. It is predicated upon a note for $1,150, signed by the Arbuckle Company, and indorsed by the defendant. When this note was prepared a printed blank was used, and when delivered by the signer to the plaintiff it read, “-after date we promise to pay,” etc., —there being a blank line standing before the words “after
Section 14 of that act is subtitled “Blanks; When may be filled,” and provides that if “the instrument is wanting in any material particular, the person in possession thereof has prima facie authority to complete it by filling up the blanks therein.” The term “material particular” as here used does not mean such as may be necessary to make the instrument a negotiable note, but includes any particular proper to be inserted in such an instrument. 1 Dan. Neg. Instr. (6th ed.) 144, n. 86; 8 C. J. 187; Johnston v. Hoover, 139 Ia. 143, 117 N. W. 277. In the case cited, the instrument contained a promise to pay a certain sum "at-"; and the words “Des Moines, Iowa" were, after delivery, inserted therein. It was held that a statute like ours gave prima facie authority to fill the blank in this way. Bloom v. Horwitz, 166 N. Y. Supp. 786, is directly in point, and it was therein held that the holder of the instrument had prima facie authority under a statute like ours, to fill in the blank before the words “after date,” and that this was not an “alteration” of the note. No question is made as to the space before the words “after date” being a blank within the meaning of the law, and could not well be, as this is obvious from an inspection of the instrument and indicated by the treasurer’s statement to the cashier. It is also apparent that the acceptance of the note by the plaintiff did not become complete until the old note was can-celled as above stated.
We hold, therefore, that the cashier had prima facie authority to do as he did, and there being nothing found to the contrary, the defendant’s exception cannot be sustained.
It should be noted, in passing, that even before the passage of the Negotiable Instruments Act, this blank in the note carried with it evidence of authority on the part of the holder to fill it in as was done. Michigan Ins. Co. v. Leavenworth’s Est., 30 Vt. 11.
The other point made in argument is ruled against the defendant by the decision in the other case.
These being the only questions raised, none other is considered.
Judgment affirmed.