ADAM METAL SUPPLY, INC. v. TRAUTH MFG. CO., INC.


276 A.D. 997 (1950)

Adam Metal Supply, Inc., Appellant, v. Trauth Manufacturing Co., Inc., et al., Defendants and Leslie M. Friedberg, Respondent

Appellate Division of the Supreme Court of the State of New York, First Department.

March 14, 1950.


Summary judgment should have been granted on the notes in suit against the indorser, the defendant Friedberg. The notes matured after that defendant, as president and on behalf of the corporate maker, executed the creditors' agreement. By such affirmative action on his, the indorser's part, he must be deemed in law to have waived presentment and notice of dishonor (O'Bannon Co. v. Curran, 129 App. Div. 90; Mercer v. Hydrocarbon Converter Co., 205 App. Div. 78...

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