Hogan v. Globe Mutual Building & Loan Ass'n

Citations

• 7 Cal. Unrep. 138
• 71 P. 706
• 1903 Cal. LEXIS 956

Syllabus

<p>Bills—Acceptance—Time of Payment.—Plaintiff furnished lumber for a building, and took an order to secure the purchase price, indorsed by defendant corporation: “Accepted, payable as follows: $375 upon completion of the house.....” Held, the acceptance was not conditional on the completion of the building, but merely fixed a time of payment, and liability on the acceptance matured on the destruction of the building by fire and the determination of the owner not to rebuild.</p>