Beeman v. Lovett

Promissory Note Without Consideration. — If a person delivers to his agent a promissory note, with the place for the name of the payee left blank, with directions lo fill up the blank with the name of a bank, and have the note discounted at the hank, and with the money pay another note on which the principal is indebted, and if the agent fills the blank with the name of the person holding such other note, and delivers him the same in payment of the other note, the agent violates his authority, and tie note is without consideration and is void in the hands of the payee.

Appeal from the District Court of the Twentieth Judicial District, Couufcy of Monterey. In June, 1867, the defendant gave his promissory note to Julia Cameron for six hundred dollars, payable one year thereafter. The note was placed in the hands of one McCarthy, as an agent of both parties, for the payment of the interest. In April, 1868, the defendant, intending to leave the State and desiring to provide for the payment of the note, made a second note, with the name of the payee left blank, and handed it to McCarthy, with directions to discount it when the first should become due, at the Bank of California, and take up the first note. The defendant then left the State. Instead of presenting the note at the bank, McCarthy filled up the blank, by inserting the name of Mrs. Cameron as payee, and then delivered both notes to Mrs. Cameron. The second note was assigned .to the plaintiff, to enable him to bring this action. Judgment was rendered for the plaintiff and the defendant appealed.