8. David and Nettie Weiner signed seven promissory notes, totaling $89,000, in their capacity as president and secretary of NMD Realty Co.
In addition, they indorsed each note on the re verse side with their individual signatures. Each note contained the following provision: "The Maker and indorser or indorsers each hereby waives presentment, demand, and notice of dis honor."
The Wei n ers claimed that, because they are secondarily liable, the bank may not pro ceed against them individually until after presentment, notice of dishonor, and protest have occurred. Do you agree with the Weiners ? Explain.
Bank of Delaware v. NMD Realty Co., 325 A.2d 108 (DE).