First National Bank of Brooklyn v. Wallis
New York Court of Appeals
Appeal from judgment of the General Term of the Supreme Court in the second judicial department, entered September 10, 1894, which affirmed a judgment in favor of plaintiff entered upon a verdict directed by the court. Since the taking of the appeal William T. Wallis has died, and the action has been continued in the name of George T. Smith.
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Appeal from judgment of the General Term of the Supreme Court in the second judicial department, entered September 10, 1894, which affirmed a judgment in favor of plaintiff entered upon a verdict directed by the court. Since the taking of the appeal William T. Wallis has died, and the action has been continued in the name of George T. Smith. This action was upon a promissory note in the following form: “ $1,100. Jersey City, N. J., Jan. 20, 1893. Three months after date, we promise to pay “ Wallis to the order of H. Stuetzer & Co., Eleven hunWorks ~ ^red Dollars at the First National Bank' of…
1Opinion of the Court
Andrews, Ch. J.
The character of the plaintiff as a bona fide holder of the note is not affected by any misconception it may have been under when it discounted it, as to the legal import of the promise, that is to say, whether the note was the obligation of the Wallis Iron Works, or'of the persons who signed it in their individual names, with the addition of the names of their respective offices. The bank discounted the note at the request of its customers, the payees, before maturity, paying full value, without inquiring as to the nature of-the principal obligation, and it is entitled to…
2Cited by18 opinions
- Megowan v. . PetersonNew York Court of Appeals · 1902
- New Georgia National Bank of Albany, Georgia v. J. & G. LippmannNew York Court of Appeals · 1928
- McFarland v. ShawTexas Commission of Appeals · 1932
- Charles Nelson Co. v. MortonCalifornia Court of Appeal · 1930
- Taylor v. FluhartyIdaho Supreme Court · 1922
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