Cisne v. Chidester

Citations

• 85 Ill. 523

Syllabus

<p>1. Assignee before maturity. Where a promissory note is indorsed and there is no evidence of the time of the indorsement, or tending to charge the assignee with notice, he will be presumed to be a bona fide holder, for a valuable consideration, before maturity, and the question of a want or failure of consideration can not arise in a suit on the note by such assignee.</p> <p>2. Promissory note—when payable. A promissory note made payable on a day named, “or before, if made out of the sale of J. B. Drake’s horse hay fork and hay carrier,” “ with use,” is payable, at all events, on the day named, with six per cent per annum interest from date.</p>