TERMS OF A PROMISSORY NOTE.

Dominion, Volume 2, Issue 595, 25 August 1909, Page 11

TERMS OF A PROMISSORY NOTE.

v 'o-4£s*£^ f f o^ s£decision;df 'fori -W, G ■ , m;s t!i<tard,ibeforß :Jii3 ■ Honour - 'Mr. Justice ;'Cji^)n^#,pn:;:;Autosfc;: : ;:s.!^vKTlie': nl a [ ;i 3 :: : .l 4 , >>Jr;-ihf l 4..;- l giycn•-;]ndgthehfc.?-:-;;for Elizabeth ..-, fc(v<j!;vilh: ; as- of^.promissory ''■ J !! 'X : i^i ln^? d , ,o;ißriDn-Buckland. •'"■'■ •H r Ji:!\ I P™ e W Pf'rWaiirigtoniVnowrrbsidCht - '•:! l /:^- 1 promwsbrjp'-'.nbt-dH'jii-'qnesi' -: r t* : ;^'i^''payablo;.' three i month's' after ! dato :: : *v^:l ; ai'ijod::tlie'.:.ivords.. I.'to.bo ■.renewed for :v:; L Kxy^>i;uis::if;,TeSuired."-vTh^:poinfc ; no\v' '; :'-\W\-;oy'MSi . whether':the.; inclusion.' bf.'.'thoae'the. document'hot :-a 'promis-* J^ r - A..de'.'U.-'-Branddn,'jiui.'pwh'o ": v ; V:j.vwp4; for-,tht>■■'{•appellant,; '"iamb;, -argued , ivbrds.werboapab'lbVbf.three mean- ' •■ '■ .'> r -- : .v.'^ llu ;yiew'vvvas': that the promise!,was ■ «>" 'tirtjial,' another''that' thd note was' not pi bl(j at a "fixed or determinable future time, and a thud that it Was a promise to paj £20, or to gi\e a note. Counsel therefore submitted that the document uas **'d,. because a ptomissorv noto must be for thii bdyment of mon'oj. J >Jr. Dunn appeared tor tho respondent. I'h" Court derided yesterday that tho noto JJi "ot a promissory noto in tho true sense. Tin \ mds "to be renewed for three month l ? y icr|iiired" meant that tho money need not **! paid nn tho rlnto mentioned in tho noto,

but that another not-o might bo tendered instead, The appeal was allowed, with five guineas costs and disbursements, costs in the Magistrate's Court to bo fixed by that Court.