[49]

To make responsibility indorser absolute, it is necessary to demand payment in the specified place last day the period during which the note has been given, and should give the notice on non-payment to indorser
[49]
To make responsibility indorser absolute, it is necessary to demand payment in the specified place last day the period during which the note has been given, and should give the notice on non-payment to indorser. As, as the contract demands, that the manufacturer has paid in a maturity, indorser can assume, if it has not received the notice on the contrary, that the manufacturer has paid the obligation.