Coursin v. Ledlie's Administrators
Supreme Court of Pennsylvania
Error, to the District Court of Allegheny county. This was an action of assumpsit by Benjamin Ooursin against Samuel Gormley and John Willock, administrators of George Ledlie, deceased, on a bill of exchange for $3000, drawn by the plaintiff on the defendants’ intestate, and by him accepted. The following is a copy of the instrument on which the plaintiff brought suit:— “ Mr. George Ledlie, “ Sir: Please pay to Wm.
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Error, to the District Court of Allegheny county. This was an action of assumpsit by Benjamin Ooursin against Samuel Gormley and John Willock, administrators of George Ledlie, deceased, on a bill of exchange for $3000, drawn by the plaintiff on the defendants’ intestate, and by him accepted. The following is a copy of the instrument on which the plaintiff brought suit:— “ Mr. George Ledlie, “ Sir: Please pay to Wm. L. Miller, three thousand dollars, and I will apply the amount, first, to the satisfaction of judgment of E. Percival v. R. & Wm. Cunningham, No. 40, July Term, 1852, in the…
1Opinion of the Court
The opinion of the court was delivered by
Thompson, J.
It is not essential to the validity of a bill of exchange, that it be in form negotiable. An endorsement on a bond ordering the contents “ to be paid to order for value received, is a good bill of exchange:” 1 Bay 66. The words “for value *509received” are held not essential: Benjamin v. Tillman, 2 McLean 213 ; 3 Metcalf 363; 3 Rich. 413.
If it be for the absolute payment of money, at all events, it will not invalidate it, if the fund, on account of which it is drawn, is named as a means whereby the drawee is to be indemnified: 3 Marsh. 184; 2…
2Cases cited5 opinions
- Raborg v. PeytonSupreme Court of the United States · 1817
- Leidy v. TammanySupreme Court of Pennsylvania · 1840
- Kemble v. LullU.S. Circuit Court for the District of Michigan · 1843
- Benjamin v. TillmanU.S. Circuit Court for the District of Michigan · 1840
- Ragsdale v. FranklinMississippi Supreme Court · 1852