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Banking and Finance Law

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University of Michigan Law School

Journal

1931

Indorsements

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Bills And Notes - Presentment - Waiver Dec 1931

Bills And Notes - Presentment - Waiver

Michigan Law Review

In an action by the holder against the indorser of a promissory note the question, on the defendant's motion to strike, was whether there was raised a question of fact as to a waiver by the defendant of presentment and notice of dishonor. The plaintiff relied on two letters as evidence of such waiver. One, a letter from the plaintiff to the defendant stating that the note was past due and not paid; and the other, the reply of the defendant Samuel Kullman to the indorser, that "the note will be taken care of not later than next week," but …