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17 Cal. 623

Holmes v. West

California Supreme Court

Decided July 1, 1861

California Supreme Court · decided 1861-07-01

The note sued on is as follows : “For value received, we, or either of us promise to pay to William Ross, or order, two thousand dollars, to bear interest at the rate of one per cent, per month from and after the decision of the Supreme Court of the United States in the case of the heirs of Marcus West against the United States. October 14th, 1858.” The note was signed—by their mark—by five persons by name of West, and four more by their guardian.

Cited by 2 later decisions — most recently December 1957

2 state decisions

Good law ✅— No negative treatment on recordhow we know

Decided 1861-07-01

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Baldwin, J. delivered the opinion of the Court

¶1Cope, J. concurring.

¶2This was a suit brought on a promissory note and to enforce a mortgage given to secure it. The complaint was demurred to on the ground assumed that the note was not due at the time of the suit. The note is payable generally, not specifying any time of payment, with a provision that interest shall accrue after a certain event, at a given rate. The rule is well settled that a note thus payable is due immediately; and the mere provision in respect to interest does not alter the principle. The demurrer, therefore, is not well taken.

¶3The other objections are not sustained. There seems to be no statement in the record. The decree finds the sum due on the note and mortgage set out in the complaint. Probably this is not a very formal mode of stating the facts, but it may be considered an indirect assertion of the substantial matters in the complaint, which *626were only the facts of the execution and delivery of the note and mortgage. The execution of the note and mortgage do not seem to he denied in the answer, and there appears no proof of the matters set out in the answer. We see no use, under the circumstances, of remanding the case.

¶4Judgment affirmed.

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