Grinnan v. Platt

The plaintiff remitted from Virginia to the defendant Edwards, at Newburgh, a sight draft for $400, informing him by the same letter which enclosed the draft, that he might use it if he would extend the time for the payment of a certain mortgage for $8000 which he held, then overdue, for the period of one year. Edwards by letter acknowledged the receipt of the draft, stated that he should present it the next day for payment, but declined to stay proceedings on his mortgage unless he received a further sum of $1100 on account of the mortgage, within fifteen days. The plaintiff purchased a…