Furstenfeld v. Furstenfeld

131 S.W. 359, 152 Mo. App. 726, 1910 Mo. App. LEXIS 990
CourtMissouri Court of Appeals
DecidedOctober 24, 1910
StatusPublished
Cited by5 cases

This text of 131 S.W. 359 (Furstenfeld v. Furstenfeld) is published on Counsel Stack Legal Research, covering Missouri Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Furstenfeld v. Furstenfeld, 131 S.W. 359, 152 Mo. App. 726, 1910 Mo. App. LEXIS 990 (Mo. Ct. App. 1910).

Opinion

NORTONI, J.

This is a suit On two promissory notes and an account. The finding and judgment were for defendant and plaintiff prosecutes the appeal.

The petition is in three counts. The first declares upon a promissory note, executed by defendant, February 21, 1899, for the principal sum of $250; the second declares upon a promissory note, executed by defendant on February 7, 1901, for the principal sum of $200; the third declares upon an account for board and lodging a,nd prays judgment therefor in the amount of $1484.

In his ansAver, defendant admitted the execution of the notes mentioned in the first and second counts of the petition and pleaded that the same had been fully [729]*729paid and discharged. The answer also contains a counterclaim to .the effect, substantially, that during the years plaintiff is alleged in .the petition to have boarded and lodged with plaintiff he contributed to the support of plaintiff’s family, at his instance and request, and paid out various sums of money for him. It is averred in the counterclaim that during the years defendant, who is plaintiff’s son' and was sui juris, lived and hoarded with plaintiff he did so under an agreement then made between the parties by which he expended, from time* to time, large sums of money in the support- of his father and his father’s family, paid numerous hills for plaintiff, etc., on account of all of which defendant prays judgment against plaintiff on his counterclaim for $10,000.

It appearing from the pleadings that the case involved a long account, it was referred by the court to Perry Posit Taylor, Esq., a member of the St. Louis Bar,, who heard the evidence and made what appears to be a careful finding of fact and a complete report of the same, together with recommendations as to such judgment the court should give with respect 'to the various items involved. The evidehce in the cause is not sufficiently set forth in the abstract of appellant to enlighten the court on all of the points suggested. But the first and principal argument relied upon for a reversal of the judgment may be properly considered, for it relates to an interpretation of the pleadings and the construction of a writing in evidence; that is to say, the note sued upon in the first count of the petition. The note mentioned was introduced in evidence by plaintiff and being incorporated in the referee’s report is before us for review. The note referred to is as follows:

“ $250.00. February 21, 1899.
After date for value received---promise to pay to C. Furstenfeld or order two hundred and fifty dollars payable at-with interest payable annually at the rate of-per cent per annum-until paid. In[730]*730terest when due to become principal and draw-per cent interest. If this note is not paid when due 8 agree to pay all reasonable costs of collection including attorney’s fees and also consent that judgment may be entered for these amounts by any justice of the peace.
V. Furstenfeld.”

By scrutinizing the note it appears that though it is dated February 21,1899, no date is mentioned therein ' as to when it should fall due and it appears to stipulate no particular rate of interest. That defendant executed the note involved is conceded and the referee so found the fact, for he recommended judgment against defendant for the face of the note, $250, together with interest thereon at the rate of six per cent from the date of filing the petition, which is treated as a demand for payment. It is said there was no evidence in the case that a demand was made before the petition was filed. In the circuit court defendant filed exceptions to the referee’s report and one of them relates to the matter now under consideration. The exceptions were overruled and the finding and recommendation of the referee were affirmed, to the effect plaintiff should recover of defendant the amount of the note together with interest at six per cent from the date of filing the petition. But the finding on defendant’s counterclaim was for him in an amount sufficient to extinguish all indebtedness to plaintiff and for a small balance as well.

It is argued there appears in the judgment an erroneous conclusion of law on the face of the instrument for the reason no date having been mentioned when the note should fall due, it became due the day it was executed and drew interest accordingly. There can be no doubt under our statute that on contracts for the payment of money when no rate of interest is mentioned, interest accrues at the rate of six per cent after demand. But it is said all promissory notes afford interest after the date they become due unless there is a stipulation [731]*731therein to the contrary and, as a matter of law, the note above described fell dne the day of its date, February.21, 1899, for the reason no date of maturity was expressly specified therein. It is to be noted that as the noté was executed February 21, 1899, the question is to be determined wholly irrespective of our Negotiable Instrument Law of 1905, with which we are wholly unconcerned for the purposes of the case. Plaintiff cites and relies upon the case of Mason v. Patton, 1 Mo. 279, which seems to support the conclusion that a note which omits to specify a date of maturity falls due on the date it is made; but, be this as it may, if such were the law in the early history of the state, the rule- no longer obtains, for the same court has expressly announced a contrary doctine in the case of Collins v. Trotter, 81 Mo. 275. By the Constitution, we are commanded to adhere to the last previous decision of the Supreme Court on any question of law or equity, which is declared to be controlling authority in the Courts of Appeals. The case of Collins v. Trotter, supra, is precisely in point and, though Mason v. Patton is not noticed in the opinion, disposes of the question by affirming that where the time of payment is left blank ,in a note or no time is specified as to when it shall mature, it becomes due only on demand. This court declared the indential doctrine in First National Bank of St. Charles v. Hunt, 25 Mo. App. 170 and there can be no doubt that such is the rule of decision. Indeed, as we understand it, the rule is universal to the same effect as will appear by reference to Daniels on Negotiable Instruments (5 Ed.), secs. 88, 599. A wealth of authority to the same effect may be found in the notes subjoined to the sections of Senator Daniels’ work above cited. -

The referee recommended an accurate legal conclusion on the face of the instrument and the court properly decláred the same in the judgment given.

But it is said the note suggests it was to draw interest at the rate of eight per cent;for in one of the lower [732]*732lines thereof the figure “8” appears and this indicates the parties agreed on eight per cent interest. .There is no rate of interest whatever expressed in the blanks afforded for that purpose. It is true the figure “8” appears in another portion of the instrument where the word “I” should have been written. The sentence in which the figure “8” thus appears is the last or concluding one as follows: “If this note is not paid when due 8 agree to pay all reasonable costs of collection including attorney’s fees and also consent that judgment may be entered for these amounts by any justice of the peace.” The note itself suggests it was drafted by one not expert in such matters and it may be the figuré “8”. should have been inserted at another place.

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Bluebook (online)
131 S.W. 359, 152 Mo. App. 726, 1910 Mo. App. LEXIS 990, Counsel Stack Legal Research, https://law.counselstack.com/opinion/furstenfeld-v-furstenfeld-moctapp-1910.