34 Mich. 92 | Mich. | 1876
The arguments in this case were quite elaborate, especially those of counsel for defendant, who also cited a largo number of authorities in support of the ruling of the court below. We do not deem it necessary to’enter into an extended discussion of the principles involved in this case .or to review or attempt ‘ to harmonize the authorities cited, as the questions raised must be considered as settled in this state by the previous decisions in Jennison v. Parker, 7 Mich., 355, and Phœnix Ins. Co. v. Allen, 11 Mich., 501.
A distinction is sought to be created between a failure to. protest an endorsed’ note of a third party, as in this case, and a failure to protest a draft, as in the cases referred to. We can see no good reason for any such distinction. Each are cases of negotiable paper and involve the rights of an endorser to protest and due notice thereof to fix his liability and to enable him to take such steps as he may consider advisable to protect himself.
Upon the trial counsel for plaintiffs offered to show that at the time the note was given the maker was insolvent; also that he was insolvent at the time of its maturity; and continued to be so up to the time of the trial, for the purpose of showing that if the note was not properly protested the defendant lost nothing by it.
It is of the utmost importance that no uncertainty should
We think the evidence offered was properly excluded. This evidence was also offered to show that the plaintiffs were induced to take the note through the fraudulent misrepresentations of the defendant. . The court inquired if counsel proposed to show -fraud in the transaction. This was not claimed, but merely that the facts stated in the letter of May 16, 1874, written by defendant to the plaintiffs concerning the solvency of the maker of the note, were not true, but whether defendant knew they were or not counsel was not prepared to say.
Under these circumstances the evidence offered was properly excluded. It is now said that the statements referred to were in effect a warranty; that if they turned out to be
As we 'do not discover any error in the record, the judgment must be affirmed, with costs.