Gray Tie & Lumber Co. v. Farmers' Bank
Court of Appeals of Kentucky
Case 101 — Action on an Alleged Bill of Exchange APPEAL FKOM EDMONSON CIRCUIT COURT. Judgment for Plaintiff and Defendant Appeals.. POINTS AND CITATIONS. 1. A bill drawn by a corporation on itself has the effect of a promissory note. 1 Parson on Notes and Bills (1st ed.), 288; 4 Thompson on Corporations, sec. 5124; Stafford v. Bratcher, 4 Ky. Law Rep., 996. 2. Defendant can not be held as drawer upon a draft signed by its agent in his own name.
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Case 101 — Action on an Alleged Bill of Exchange APPEAL FKOM EDMONSON CIRCUIT COURT. Judgment for Plaintiff and Defendant Appeals.. POINTS AND CITATIONS. 1. A bill drawn by a corporation on itself has the effect of a promissory note. 1 Parson on Notes and Bills (1st ed.), 288; 4 Thompson on Corporations, sec. 5124; Stafford v. Bratcher, 4 Ky. Law Rep., 996. 2. Defendant can not be held as drawer upon a draft signed by its agent in his own name. Wedekind & Co. v. Kennedy (Superior Court), 11 Ky. Law Rep., 256; Brown v. Parker, 7 Allen (Mass.), 337; Manufacturers & Traders’ Bank v. Love, 13…
1Opinion of the Court
Opinion op the court by
JUDGE O’REAR
Reversing.
Tbe appellant’ is a citizen oí Illinois, with its principal place of business at Evansville, Ind. Appellee is a pri*697vate banking Ann in Kentucky. Appellant was sued by-appellee upon the following draft:
“Cedar Blufí Mills1, Kentucky.
$1,500.00. May 21st, 1898.
“At sight, pay to the order of1 J. H. Flora fifteen hundred dollars, in full payment fon—
-1st class ties.
-1st class ties.
The Old Dominion Bank of Evansville, Ind. No.-.
2d class ties.
2d class ties.
—Which I have this day inspected, and received from J. H. Flora. - advanced on ties in woods. Names…
2Cases cited3 opinions
- Goshen National Bank v. BinghamNew York Court of Appeals · 1890
- Farmers' Bank v. EwingCourt of Appeals of Kentucky · 1880
- Smith v. LockridgeCourt of Appeals of Kentucky · 1871
3Cited by7 opinions
- First National Bank v. Home InsuranceNew Mexico Supreme Court · 1911
- Steere v. Stockyards Nat. BankCourt of Appeals of Texas · 1921
- Watauga County Bank v. McQueenTennessee Supreme Court · 1914
- Moseley v. Selma National BankAlabama Court of Appeals · 1911
- Hyland's Estate v. Foote's EstateSupreme Court of Vermont · 1933
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