Smith & McCord v. Curlee

Citations

• 59 Ill. 221

Syllabus

<p>1. Count on an account stated—what will support it—waiter of laches of holder of MU of exchange. After a bill of exchange had been refused payment by the drawee, in an interview between the holder and the drawer, the latter admitted the claim to be just, and the amount due on the bill was computed and agreed to by the drawer, and he promised to pay it by a day named, or send the holder a note for it. It was held that evidence of these facts would justify a recovery under a count on an account stated, and that it amounted toa waiver of any laches with regard to the bill, had there been any.</p> <p>2. Pbotest—inland Mil. An inland bill of exchange is not required to be protested.</p>