56 Neb. 553 | Neb. | 1898
Christian Specht, claiming to be an innocent purchaser before due of a..promissory note executed by one George E. Timme to W. R. Yaughan, brought suit thereon in the district court of Douglas county. Pending the action Timme died, and the same was revived in the name of his executors, who had a judgment, to review which Specht has filed in this court a petition in error. The note sued on was in words and figures as follows:
“1500.00. Omaha, Neb., Oct. 15, 1890.
“Six months after date we, or either of us, promise to pay to W. R. Yaughan, or order, the sum of five hundred dollars, for value received, payable at the Nebraska National Bank, Omaha, Nebraska, with interest at the rate*554 of ten per cent per annum from date until paid. And in case of a suit brought to collect this note I will also pay the plaintiff therein a reasonable sum, not exceeding ten per cent, to be fixed by the court, as attorney’s fees, if elected county commissioner. George E. Timme.”
1. The portion of this contract in reference to its being paid if the maker should be elected county commissioner and promising to pay an attorney’s fee if suit should be brought upon the note is a substantive part of the agreement, and the whole writing must be read and construed together as one contract, since the entire writing was made and delivered at the same time. (Palmer v. Largent, 5 Neb. 223; Polo Mfg. Co. v. Parr, 8 Neb. 379; Grimison v. Russell, 14 Neb. 521.)
2. The meaning of this contract is the same as if it read: “Six months after date, if elected county commissioner, I promise to pay, etc.” In other words, while this is a contract for the payment of a certain sum of money, it is not ■ by its terms payable at any certain time. Whether the maker of this note would be elected county commissioner was uncertain, and therefore it was uncertain whether this money would ever become payable, and therefore this contract was not a negotiable instrument. To make a contract for the payment of money negotiable it must, among other things, be payable at some time or other, though it may be uncertain when that time will come. Doubtless a note payable on the maker’s death might be negotiable, because it is certain that he will at some time die; while a note payable when the maker should be married would be non-negotiable, for the reason that it is not absolutely certain that he ever will be married. But here by the terms of this note it was to be payable when the maker was .elected county commissioner. This clause then deprives the instrument of a negotiable character. (Kelley v. Hemmingway, 13 Ill. 604; White v. Smith, 77 Ill. 351; Smalley v. Edey, 15 Ill0. 324; Chicago R. Co. v. Merchants Bank, 136 U. S. 268; Mahoney v. Fitzpatrick, 133 Mass. 151.)
To make the contract in suit a gambling one or a con
Affirmed.