Fashion Hat Frame Co. v. Ringel

NOURSE, J.

Plaintiff sued on a promissory note for one thousand dollars executed by defendant Ringel, made payable to Sam Malnick, and indorsed by him and by the

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other defendant. Plaintiff had judgment for the amount prayed for, together with interest and attorney’s ‘fees, and the defendant 'Sam Malnick has alone appealed on a bill of exceptions.

The note was assigned to Joseph Malnick by Sam Malnick for money advanced by the former to the latter for the benefit of defendant Ringel. It was presented to Joseph Malnick by Sam Malnick fully executed by Ringel and indorsed by defendant Semon and by Sam Malnick. Subsequent to the maturity of said note it was assigned and delivered for a valuable consideration by Joseph Malnick to the plaintiff.

The appellant specifies two particulars in which he claims that the evidence was insufficient to support the judgment— because it does not show that the note was presented to Ringel on the day it became due, and because it shows failure to give the appellant notice of dishonor as required by law. Respondent insists that the judgment must be affirmed because this appellant waived demand and notice. This issue was raised by amendment to the complaint and the trial court found that, subsequent to the demand upon the maker and subsequent to the notice to appellant of the dishonor, the appellant, with full knowledge of the circumstances, promised to pay all moneys due under the note and requested a, short extension of time for that purpose.

This finding is not attacked in the bill and, though appellant states in his brief that it is not supported by the evidence, the record does not support appellant’s claim. It appears that numerous demands were made upon the appellant subsequent to the maturity of the note and that on each occasion he promised that he and the maker would pay or that he alone would pay and asked time to arrange for the payment. With the evidence appearing in the record and the inferences which the trial court could draw therefrom we are satisfied that the finding of waiver cannot be successfully attacked.

This being so, the case comes within the rule that a promise by the indorser to pay after knowledge of the failure of presentation is a waiver of demand and notice.