California Supreme Court September 8, 1913, S.F. No. 6109. (Crescent Lumber Co. v. Larson)

SLOSS, J.

This action was brought by plaintiff as indorsee of a promissory note for $5,734.44, dated August 27,1909, payable one day after date, and made by the defendant William Larson to the Harbor Lumber Company or order. The complaint alleged that, with the exception of four hundred and thirty dollars paid on the principal, no part of the principal or interest due on the note had been paid.