First National Bank v. Falkenhan

Citations

• 94 Cal. 141
• 29 P. 866
• 1892 Cal. LEXIS 656

Syllabus

<p>Non-negotiable Promissory Note — Stipulation por Attorney’s Fee. — A promissory note which contains a stipulation for an attorney’s fee is not a negotiable instrument.</p> <p>Id.—Indorsement of Non-negotiable Note.—In respect to the immediate indorsee of the payee of a non-negotiable promissory note, the indorsement ordinarily creates the same liabilities and obligations as the indorsement of a negotiable note.</p> <p>Id. — Waiver of Protest.—A waiver of “protest,” made upon the indorsement of a non-negotiable promissory note by the payee, is equivalent to a waiver of demand for payment and notice of non-payment.</p>