11 Colo. App. 492 | Colo. Ct. App. | 1898
delivered the opinion of the court.
On May 15, 1889, the appellant, with one Pulliam, and one Slade, executed a promissory note to the appellee for $110, due in four months, with interest at two per cent per month. The note provided for the payment of an attorney’s fee for its collection in case it should not be paid at maturity, and authorized any attorney at law to appear for the makers, and confess judgment against them for the amount due. On December 27, 1895, upon complaint filed by the appellee,
W e do not discover in the record, or counsel’s argument, any valid reason why this judgment should be disturbed. The alleged agreement of the bank that the defendant should be discharged from further liability, upon payment by him of $47.00, was not proved except as a conclusion of the defendant; besides, so far as the record discloses, the bank had no authority from the holder to make such agreement. Holding the paper for collection only, it could not bind the holder by any collateral agreement concerning it.
It is contended that as more than six years elapsed between the date of the maturity of the note and the rendition of the judgment, suit upon the note, as against the principals, was barred, and that as they were released, the defendant was also released. Whether, as a legal proposition, this is sound we need not inquire. Upon the face of the note the defendant was a joint maker, and there was no evidence that the plain
Affirmed.