Court Opinion

ID: 4890184
Source: CourtListenerOpinion
Date Created: 2021-09-02 23:48:58.102679+00
Date Added: 2024-06-11T08:09:15.074438
License: Public Domain

Bell, J.
This was a suit upon a draft, payable at sight, drawn in Fairfield, Freestone county, Texas, on the 30th day of March, A. D. 1859, on merchants in the city of Galveston. The draft was accepted by Messrs. Powell & Ruthven, upon whom it was drawn, but it is not shown by the statement of facts, at what time it was accepted by them. The draft was protested for nonpayment on the 17th day of May, 1859, and this suit was instituted on the 11th day of June, A. D. 1859.
The only question presented, is whether the holder of the draft used proper diligence in presenting it to the drawees for payment, or was he guilty of laches whereby he lost his recourse upon the drawer.
It is well settled that in the case of a draft drawn at sight, or so many days after sight, the holder must present it for payment within a reasonable time. And in determining the question of reasonable time, the courts will consider all the circumstances by *588which the question of diligence can be affected, as, for instance, the distance between the place of residence of the drawer and the place of residence of the drawee, the mail facilities of the country, &c. The general usage of the country in respect to such paper, will, also, enter into the consideration of the question. It is, also, to be remarked that the idea of reasonable time is opposed to the idea of great diligence or promptitude. The question is one of a large class which frequently produce great embarrassment, from the extreme difficulty in many cases of drawing a line by which reasonable time can be separated from laches. One period of time is pronounced, without any hesitation, as reasonable time within which to make presentation of this description of paper; with as little hesitation, a delay to make presentation for another period of time, will be pronounced laches; and between the two periods, there must necessarily be a tract of time which will fall within the idea of reasonable diligence or laches, according to circumstances, and as to which the law must sometimes pronounce its decisions somewhat arbitrarily.
We are of opinion that the delay to present the draft in this case, for a period of forty-seven or forty-eight days, was not such laches as forfeited the right of the holder to recourse against the drawer, upon default of payment by the drawees. This makes it unnecessary for us to consider any other question in the case.
The judgment is reversed and the cause remanded.
Reversed' and remanded.