Smith v. Shippey

Citations

• 182 Pa. 24
• 37 A. 844
• 1897 Pa. LEXIS 765

Syllabus

<p>Promissory notes — Negotiability—Delivery—Indorsement of partial payments.</p> <p>Indorsement of payments on the back of a promissory note, made after the date of the note, but before its delivery, do not destroy the negotiability of the note.</p> <p>A negotiable promissory note dated July 8, and signed by fifteen persons, had indorsements on it of partial payments dated July 11, made by ten of the signers. The note was finally delivered on July 13. Held, that the indorsements did not destroy the negotiability ol the note, inasmuch as the amount due, although not expressly stated, could be ascertained with mathematical certainty.</p>