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B. F. SAFFOLD, J. In the second count of the complaint the appellants were declared against as the makers of a promissory note. Where an instrument is capable of being interpreted either as a bill of exchange, or as a promissory note, the person who receives it may, at his own option, treat it as a bill of exchange, or as a note against the maker. Therefore, an instrument which is in the form of a note, but which, in addition, is addressed to a third' person who accepts it, is a promissory note and may be so declared on. — Story on Prom. Notes, § 16; Chit, on Bills, ch. 2, § 2, pp. 28, 29, (8th ed.)
The judgment is affirmed.
Document Info
Citation Numbers: 44 Ala. 323
Judges: Saffold
Filed Date: 1/15/1870
Precedential Status: Precedential
Modified Date: 11/2/2024