Adaikappa Chetty V. Letchuman Chetty

1938 Present: Maartensz and Koch JJ.

ADAIKAPPA CHETTY v. LETCHUMAN CHETTY.

290-D. C. Negombo, 10,207.

Promissory Note:-Document with an account followed by promise to pay balance due-Payee indicated with reasonable certainty-Restrictive endorsement-Bills of Exchange Ordinance, No. 25 of 1927, s. 35 (1).

A document was drawn up in the following terms:-Credit of Pana Lana Nawanna Suna Pana of Negombo. Debit of Ana Naha Theeanna Layna of the above place. Then followed a statement of accounts - showing that on a certain date a sum of Rs. 3,525 was due and a promise to pay ?to your order on demand Rs. 3,525 with interest at 1/2 per cent, per month". It was signed A. N. T. L. Letchuman. On the reverse side of the document were the following words:-The principal and interest herein mentioned shall be collected from the therein signed Ana Nana Theeanna Layna by Rawanna Mana Adaikappa Chettiar. (Signed) P. L. N. S. P. Suppramaniam.

Held, that the document was a promissory note and that the payee was indicated with reasonable certainty.

Held, further, that the endorsement was a restrictive endorsement within the meaning of s

Click Here to Read the rest of this document