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79 Me. 595

Chapman v. Wight

Supreme Judicial Court of Maine

Decided December 24, 1887

Supreme Judicial Court of Maine · decided 1887-12-24

<p> Promissory notes. Statute of limitations. </p> <p>An instrument in writing whereby the defendant “ promised, for value' received, to pay” tbe plaintiff “four hundred thirty-four dollars and two-cents, which sum is due to” another person named, upon the following-condition: “ If ” the defendant “ shall pay the said” other person named,. “ or cause to be paid the above sum in three years from next January, then, this note is to be given up, otherwise to remain in full force,” is not a. promissory note; and even if signed in the presence of an attesting witness,, it will be barred in six years from the time it is payable.</p>

Relies on Cook v. Satterlee

Good law ✅— No negative treatment on recordhow we know

Decided 1887-12-24

How this case has been cited

Cited by 4 later decisions — most recently May 2008

4 state decisions

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Later decisions citing this case, by decade. The current decade is in progress, and our corpus holds fewer opinions from the most recent years, so the latest bars are undercounted — not a real decline.

View the full empirical analysis of this case →

Virgin, J.

¶1Assumpsit on a certain written instrument, dated April 9, 1853, and signed by the defendant in the presence of an attesting witness, wherein the signer promised to pay the *596plaintiff four hundred and thirty dollars and two cents, " due to Charles Bellows.” The declaration alleges this instrument to be a promissory note.

¶2To constitute a promissory note, the instrument must necessarily be certain as to the fact of payment, and not be dependent on a contingency. For such " paper is intended, if negotiable, to circulate in business as money; and this on the ground that on a certain day it will become money.” 1 Pars. Bills, 42.

¶3No time of payment is specified in this instrument otherwise than by the following terms : " Now if Hermon Wight shall pay ¡the said Bellows, or cause to be paid the above sum, in three years from next January, then this note is to be given up, otherwise to remain in full force.” This contingency as to payment destroys the quality of the instrument as a promissory note. Dennett v. Goodwin, 32 Maine, 44; Chit. Bills, 162; Cook v. Satterlee, 6 Cow. 108; Pars. Bills, etc., supra.

¶4Not being a promissory note, the fact of its having been ¡signed in the presence of an attesting witness, does not prevent its being barred by the statute of limitations pleaded. R. S., c. 81, § 86.

¶5Judgment for defendant.

Peters, C. J., Walton, Libbey, Foster and Haskell, JJ., concurred.
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