Clifton v. Bank of Aberdeen

Terral, J., delivered the opinion of the court. The Bank of Aberdeen, in the circuit court of Monroe county, recovered of W. H. Clifton, the indorser of a promissory note, a judgment for the sum agreed to be paid in said note, and also a reasonable attorney’s fee for collection. The question is whether a stipulation in a promissory note to pay a reasonable attorney’s fee affects the negotiability of such note. We regard the question as settled in this state in favor of the doctrine that such a stipulation does not affect the negotiability of the instrument. Meachum v. Pinson, 60 Miss., 217; 1 Dan. Neg. Insts., sec. 62, 62a. The judgment of the circuit court is affirmed.