Pandit Sushil Chander Chaturvedi vs Wali Ullah And Ors. on 28 November, 1940
In our view the law laid down in Mt. Bibbo v. Gokaran Singh ('37) 24 A.I.R. 1937 All. 101 is not in any way affected by the two pronouncements of their Lordships mentioned above. There remains to notice two other arguments of Mr. Chaturvedi. He contends that the reference to the pre-existing accounts in the promissory note makes the liability stated therein to be a contingent one. We do not agree with this contention. In our view, the reference to account was with a view to state the consideration of the promissory note and such a statement of consideration does not make the liability in the promissory note a contingent one, nor does it make the instrument any the less a promissory note. It is further contended that the promissory note was not in favour of a person 'certain' within the meaning of the statute. This point was not raised in the Courts below and is not noticed in their judgment but we have permitted it to be. canvassed and in our view there is no substance in this contention either. The. promissory note is in the name of the Glass. Works which is a trading name of the plaintiff. The transactions between the parties took place under that trading name and Section 5, Negotiable Instruments Act, provides as follows: