Walker v. Flanary
This text of 178 S.W. 992 (Walker v. Flanary) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
Appellee sued L. P. Gibbs, R. P. Marchbanks, and W.- S. Walker and recovered a judgment upon a promissory note against all the defendants, and W. S. Walker has appealed.
In appellee’s petition it is alleged that the defendants had executed two notes for the same debt, but that the one of later date was not to be delivered and become operative as a substitute for the former note until all the interest was paid, which had not been done. At the trial, appellee abandoned any claim on the second note, and sought to recover only upon the first.
The main defense relied upon is limitation. The suit was filed February 14, 1914, and the note upon which recovery was had reads as follows:
$900.00. Hico, Texas, 10/23/1909. No. 2843.
“Due 10/23/1910.
“-- without grace, after date, for value received I, or we, as principals, jointly and severally promise to pay to W. J. Flanary or order nine hundred dollars in gold coin of the United States of the present standard of weight and fineness, or its equivalent, at the First National Bank, Hico, Texas, with interest at ten per cent, per annum from date until paid, interest to become as principal when due and bear the same rate of interest. The makers, sureties, guarantors, indorsers and assignors of this note hereby waive presentment for payment, notice of nonpayment, protest and notice of protest, and consent that time of payment may be extended without notice thereof. In case this note is placed in the hands of an attorney for collection or suit is instituted on it, I, or we, agree to pay ten per cent, additional as attorney’s fees.
L. P. Gibbs.
“W. 8. Walker.
“R. P. Marchbanks.
“P. O. Glenrose, Texas.”
All of the questions presented in appellant’s brief have received due consideration, and our conclusion is that the judgment should be affirmed, and it is so ordered.
Affirmed.
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178 S.W. 992, 1915 Tex. App. LEXIS 888, Counsel Stack Legal Research, https://law.counselstack.com/opinion/walker-v-flanary-texapp-1915.