Roller v. JaffeeRoller v. Jaffee
- Reporters:
- , ,
- Before:
- Bell
Opinion by
Mr. Justice Bell,Plаintiff instituted an action in assumpsit on a promissory note, not under seal, in the principal amount of $10,000. The nоte was executed on January 2, 1951, by the two defendants, Isadore and Lenor Jaffe, who are husband and wifе. The note reads as follows :
*503“$10,000.00 January 2 — 1951
......................after date I promise to pay to
the order of Caroline Roller
.............ten thousand.............xx Dollars
at if requested after January 2 — 1952.
Without defalcation, for value received with interest
at................per cent per annum.
No...................Due Jan. 2 — 1952.
Lenor Cutting Jaffe
Isadore H. Jaffe”
Plaintiff in her amended complaint averred that three payments totаling $3,000. were made by the defendants and that these payments were on account of principal and interest. Plaintiff further averred that on June 28, 1955, demand for payment of the note was made by her, but the demand was refused by defendants.
Defendants admitted the execution of the note and the receipt of the $10,000. by the husband-defendant, Isadore Jaffe. The wife-defendant, however, averred under “New Matter” that she nevеr received any consideration for the note and that no consideration was ever intended to pass from the plaintiff to her. The wife-defendant contends that for this reason there is no legal obligаtion upon her. The wife-defendant admitted that she executed the note as accommodatiоn, maker for the accommodation of her husband. The husband-defendant, on the other hand, admitted liability fоr $10,000. less the $3,000. paid on account of principal, but admitted liability for interest only from the date on which рayment of the principal was demanded by plaintiff.
Plaintiff in her reply to “New Matter”, averred that the mоney was loaned to both defendants at the request of both defendants and that the money was *504loanеd to them only after both defendants executed the note. Plaintiff further averred that if the wife-defendant, Lenor Jaffe, had not.signed the note, plaintiff would not have loaned the money to defendants. No reрlication was filed to plaintiff’s reply.
Plaintiff filed a motion for judgment on the pleadings which was overruled by thе lower Court. The lower Court based its action on two grounds: (1) the pleadings raised factual questions requiring a jury trial, and (2) the wife-defendant’s plea of want of consideration raised an adequate defensе to a suit on an unsealed note. We do not agree with this conclusion; the plea of want of consideration was not a iegal defense to the note. - ■
The general rule is thht when two or more persons execute a promissory note, they áre jointly and severally liable: Negotiable Instruments Law of May 16, 1901, P. L. 194, ch. 1, art. I, §17;
Ch. 1, Art. II, §29, of the Negotiable Instruments Law of 1901, supra,
*505... it may now be considered as well settled in this state that one. who signs a note as máker, though he does it merely • for the. accommodation of the payee or the indorser, thereby places himself in the situatiоn of a principal, and will not be allowed to escape the consequences-of his aсtion by subsequently alleging that he was but a surety. . . . The relation created by the maker is that of principal dеbtor,’ and his rights and .liabilities are the same whether the accommodation is for the payee in the nоte or for a third person. The liability of thé maker does not depend upon the person for whose accommodation the note is made, , but upon the situation in which the maker has placed himself by assuming the position of a principal debtor.”
The defense of “accommodation maker” is no longеr available to a married woman. In Palatucci v. Woodland, 166 Pa. Superior Ct. 315, 70 A. 2d 674, 676, that Court, in construing the Act of 1945, said (page 318) : “The Act of. 1945, P. ‘L. 625, §1*
In McCune v. Gross, 377 Pa. 360, 105 A. 2d 367, this Court said (page 364): “The contention of the defendants that Mary W. . Gross was a surety and being a married woman, could not be bound by the mortgage, is without merit: Act of May 17, 1945, P. L. 625; Palatucci v. Woodland, 166 Pa. Superior Ct., supra.”
*506On the question of interest, dеfendants’ position is equally untenable. The note clearly specifies that it is payable “with interest”. Unless the note provides otherwise, interest is due on a promissory note, not from the due date, but from the dаte of execution. Section 17 (2) of the Negotiable Instruments Law of 1901, supra, provides:
“2. Where the instrument рrovides for the payment of interest, without specifying the date from which interest is to run, the interest runs from the dаte of the instrument, and’ if the instrument is undated from the issue thereof.”*
Order reversed. The record is remanded to thе lower Court with directions to enter judgment on the pleadings in favor of the plaintiff and against the defendants in the sum of |8,955.98 with interest from April 30, 1954.
Notes
The Negotiable Instruments Law of 1901, although’ repealed by the Uniform Commercial Cоde, is applicable- in the ease at har since the note was executed prior to the enactment of the Uniform Commercial Code. This provision we note was reenacted in .the Code.
As amended by -the Act of May 31, 1947, P. Jj. 352, §2,
The Code has a similar provision: Uniform Commercial Code of April 6, 1953, P. L. 3, §3-118(d); 12 A. PS 3-118(d).